Which of the following is not recorded on a worksheet?
A) Drawings
B) Closing entries
C) Adjusting entries
D) Profit or loss for the period

Question

Quizplus · Accepted Answer

Closing entries are not recorded on a worksheet. A worksheet is a tool used for planning and adjusting entries before they are formally entered into the ledger, and it includes information such as drawings, adjusting entries, and the profit or loss for the period. Closing entries, however, are part of the formal process of closing the books at the end of an accounting period and are recorded in the general ledger, not on the worksheet.

Which of the Following Is Not Recorded on a Worksheet