Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) Preparing a post-closing trial balance helps to prove the accuracy of the adjusting and closing procedures.
B) Journalizing consists of analyzing and recording transactions in T-accounts.
C) The information on the work sheet can be used in place of preparing financial statements.
D) By using a work sheet to prepare adjusting entries you need not post these entries to the ledger accounts.
E) All of these statements are true.