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A 10-Column Spreadsheet Used to Draft a Company's Unadjusted Trial

question 211

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A 10-column spreadsheet used to draft 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) :


Definitions:

Net Profits

The amount of income that remains after subtracting all expenses, taxes, and costs from total revenue.

Typical Day

A representation of a common or average day in a specific context, often used to illustrate the routine or daily activities of an individual or process.

Sales

The activities involved in selling products or services to customers.

Costs

Costs represent the expenses incurred in the production of goods or services, including materials, labor, and overhead.

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