A 10-column spreadsheet used to draft a company's unadjusted trial balance, adjustingentries, adjusted trial balance, and financial statements, and which is an optional step in the accounting process, is a(n):
A)Adjusted trial balance.
B)Post-closing trial balance.
C)Work sheet.
D)Book of final entry.
E)Unadjusted trial balance.

Question

Quizplus · Accepted Answer

The worksheet is a 10-column spreadsheet used to draft financial statements and is an optional step in the accounting process. It includes columns for the unadjusted trial balance, adjusting entries, adjusted trial balance and financial statements. The other options, such as the adjusted trial balance and post-closing trial balance, are specific points in the accounting process and do not include all the information provided by a worksheet.

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