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 tool in the accounting process is a(n):
A)Adjusted trial balance
B)Work sheet
C)Post-closing trial balance
D)Unadjusted trial balance
E)General ledger

Question

Quizplus · Accepted Answer

The 10-column spreadsheet described is a work sheet, which is an optional tool used in the accounting process to help draft financial statements. The other answer choices (adjusted trial balance, post-closing trial balance, unadjusted trial balance, and general ledger) are all important components of the accounting process, but they are not specifically related to the 10-column work sheet.

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