The fifth pair of columns on a 10-column work sheet prepared at the end of the period would be the
A) Income Statement columns.
B) Adjustments columns.
C) Balance Sheet columns.
D) Adjusted Trial Balance columns.

Question

Quizplus · Accepted Answer

The fifth pair of columns on a 10-column work sheet prepared at the end of the period would be the Balance Sheet columns. These columns are used to summarize the assets, liabilities, and equity of the business as of the end of the accounting period. The other options are incorrect because the Income Statement columns are typically the first pair of columns, the Adjustments columns are usually the third and fourth pairs of columns, and the Adjusted Trial Balance columns are usually the ninth and tenth pairs of columns on a 10-column work sheet.

The Fifth Pair of Columns on a 10-Column Work Sheet