Adjusting entries are prepared from
A) source documents.
B) the adjustments columns of the worksheet.
C) the general ledger.
D) last year's worksheet.

Question

Quizplus · Accepted Answer

Adjusting entries are typically prepared in the adjustments columns of the worksheet. This allows for easy analysis and verification of the adjustments before they are recorded in the general ledger. Source documents are used to record transactions and events, but are not used to prepare adjusting entries. The general ledger is used to record all transactions and events, but adjusting entries are typically prepared before being posted to the general ledger. Last year's worksheet may be used as a reference, but it is not the source of adjusting entries.

Adjusting Entries Are Prepared from