In preparing closing entries,which of the following columns of the work sheet are the most helpful?
A)Adjusted Trial Balance columns
B)Income Statement columns
C)Adjustments columns
D)Balance Sheet columns

Question

Quizplus · Accepted Answer

Income Statement columns are most helpful in preparing closing entries because they include the revenues and expenses for the period, which are closed to the Income Summary account.

In Preparing Closing Entries,which of the Following Columns of the Work