Which one of the steps below is not aided by the preparation of the work sheet?
A) preparing the adjusted trial balance
B) posting to the general ledger
C) preparing the financial statements
D) preparing the closing entries

Question

Quizplus · Accepted Answer

The preparation of the work sheet aids in the preparation of the adjusted trial balance, financial statements, and closing entries. However, posting to the general ledger is a separate step that involves transferring the balances from the journal entries to the respective accounts in the general ledger. The work sheet may provide information for the posting process, but it is not directly involved in posting to the general ledger. Therefore, option B is the correct answer.

Which One of the Steps Below Is Not Aided by the Preparation