The lead schedule should refer to:
A) the financial statements.
B) the lead schedule for each account listed in the working trial balance.
C) the person preparing the schedule.
D) Both b and c.

Question

Quizplus · Accepted Answer

The lead schedule serves as a bridge between the financial statements and the detailed working papers. It should refer to each account listed in the working trial balance (option B) and typically includes reference to the person preparing the schedule for accountability and review purposes (option C).

The Lead Schedule Should Refer To