A worksheet is:
A) prescribed in the framework.
B) only used in small businesses with few general ledger accounts.
C) prepared either manually or using a computer spreadsheet.
D) not necessary if the financial statements are being prepared by an accountant.

Question

Quizplus · Accepted Answer

A worksheet is prepared either manually or using a computer spreadsheet. A worksheet is a multicolumn form that may be used in the adjustment process and in preparing financial statements.

A Worksheet Is