Multiple Choice
A 10-column spreadsheet used to draft a company's unadjusted trial balance, adjusting entries, adjusted trial balance, and financial statements, and which is an optional step in the accounting process, is a(n)
A) Adjusted trial balance
B) Work sheet
C) Post-closing trial balance
D) Unadjusted trial balance
E) Book of final entry
Correct Answer:
Verified
Correct Answer:
Verified
Q49: Closing entries are designed to transfer the
Q50: On the work sheet, a loss is
Q51: Accounts that appear in the balance sheet
Q52: Identify the steps in the accounting cycle.
Q54: A company shows an $800 balance in
Q55: Which of the following statements is incorrect?<br>A)
Q56: Which of the following errors would cause
Q58: The work sheet is used to record
Q153: A post-closing trial balance is a list
Q172: Explain the purpose of reversing entries.