Which of the following statements is true of the worksheet?
A)The worksheet is a ledger.
B)The worksheet is a document used to summarize data to prepare financial statements.
C)The worksheet is a financial statement issued to the public to communicate the financial results of a company.
D)The worksheet is a journal.

Question

Quizplus · Accepted Answer

The worksheet is a document used to summarize data to prepare financial statements. It is not a ledger or a journal, and it is not a financial statement issued to the public.

Which of the Following Statements Is True of the Worksheet