A worksheet should be viewed as:
A)A financial statement to be distributed to investors.
B)A financial statement to assist managers in making managerial decisions.
C)A tool to assist accountants in making end-of-period adjustments and in preparing financial statements.
D)A tool to assist auditors in determining that all transactions have been properly recorded throughout the period.

Question

Quizplus · Accepted Answer

Worksheets are used by accountants to prepare end-of-period adjustments and financial statements. They help to organize information and ensure the accuracy and completeness of financial records. Worksheets are not intended for distribution to investors or for use by managers in making daily decisions. While auditors may review worksheets, they are not primarily used to assist auditors in determining the completeness of transactions.

A Worksheet Should Be Viewed As