Multiple Choice
Which of the following is the most useful aid to the accountant in preparing closing entries?
A) Journal
B) Financial statements
C) Ledger
D) Work sheet
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q80: The post-closing trial balance will contain only
Q81: The Income Summary account<br>A)appears on the balance
Q82: Jack Stephan,a house painter,has entered into a
Q83: The owner's Capital,Withdrawals,and Income Summary accounts for
Q84: When a work sheet is prepared<br>A)closing entries
Q86: An amount would not appear opposite the
Q87: Closing entries result in the transfer of
Q88: Powell Repair pays wages of $5,000 every
Q89: Use the numbers corresponding to the accounts
Q90: The owner's Capital,Withdrawals,and Income Summary accounts for