A columnar working paper used to prepare 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

A work sheet is a columnar working paper that is an optional tool in the accounting process. It is used to prepare a company's unadjusted trial balance, adjusting entries, adjusted trial balance, and financial statements. The other options listed are different financial statements or trial balances that are prepared using information from the work sheet.

A Columnar Working Paper Used to Prepare a Company's Unadjusted