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

Question

Quizplus · Accepted Answer

A 10-column worksheet is a tool used by accountants to help prepare financial statements. It includes columns for the unadjusted trial balance, adjusting entries, adjusted trial balance, and financial statements. While it is not technically a required step in the accounting process, many accountants find it helpful in organizing their work and ensuring accuracy. The worksheet is not a final accounting document, but rather a tool that helps in the preparation of financial statements.

A 10-Column Spreadsheet Used to Draft a Company's Unadjusted Trial