The procedures used to prepare the worksheet are the same under both IFRS and GAAP.
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Q7: The adjusted trial balance columns of a
Q8: It is not necessary to prepare formal
Q10: The Dividends account is a permanent account
Q10: Closing entries are journalized after adjusting entries
Q11: Closing entries are unnecessary if the business
Q12: No permanent account balances are changed in
Q12: If a worksheet is used financial statements
Q13: The amounts appearing on an income statement
Q17: The adjustments on a worksheet can be
Q19: The format of the data in the
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