A work sheet is a tool to help organize information needed in adjusting the accounts and preparing the financial statements.

Name: A work sheet is a tool to help organize information needed in adjusting the accounts and preparing the financial statements.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A worksheet is a tool used by accountants to organize information needed in the adjustment process and to prepare the financial statements. It is not a formal financial statement itself, but rather a tool used in the accounting process.

A Work Sheet Is a Tool to Help Organize Information