The correct worksheet columns to use for preparing the income statement are the
A) adjustments columns.
B) income statement columns.
C) adjusted trial balance columns.
D) trial balance columns.

Question

Quizplus · Accepted Answer

The income statement columns are specifically designed for preparing the income statement, as they separate revenue and expense accounts and calculate net income. The adjustments columns and adjusted trial balance columns are used for making adjusting entries and preparing the balance sheet, while the trial balance columns are used for verifying the equality of debits and credits.

The Correct Worksheet Columns to Use for Preparing the Income