Which of the following is the most useful aid to the accountant in preparing closing entries?

Question

Quizplus · Accepted Answer

The work sheet is the most useful aid to the accountant in preparing closing entries as it outlines all the account balances and adjustments and helps ensure accurate and efficient completion of the closing process. The ledger, journal, and financial statements are important tools for the accountant throughout the accounting cycle, but are not specifically designed to assist with closing entries.

Which of the Following Is the Most Useful Aid to the Accountant