Which is not true about the worksheet?
A) It is a multiple-column form used in the adjustment process and in preparing financial statements.
B) It is a working tool.
C) It is a permanent accounting record.
D) It is neither a journal nor a part of the general ledger.
Correct Answer:
Verified
Q10: Closing entries are journalized after adjusting entries
Q32: To close net income to owner's capital
Q33: The post-closing trial balance is prepared to
Q34: The entry to close the Retained Earnings
Q35: The worksheet is
A) a device used in
Q36: Only balance sheet accounts will have balances
Q37: These accounts are among the accounts
Q41: Kenham Co. was organized on April
Q42: Kenham Co. was organized on April
Q43: Which is true about the worksheet?
A) Companies
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