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

question 24

Multiple Choice

A 10-column spreadsheet used to draft a company's unadjusted trial balance, adjustingentries, adjusted trial balance, and financial statements, and which is an optional step in the accounting process, is a(n) :

• A)Adjusted trial balance.
• B)Post-closing trial balance.
• C)Work sheet.
• D)Book of final entry.
• E)Unadjusted trial balance.

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Definitions:

Long-Term Forecasts

Predictions about future events, trends, or behaviors that extend over a significant period of time, usually beyond a year.

Supply And Demand

Economic model describing the interaction between the availability of a product (supply) and the desire for that product (demand).

Static Time-Series Method

A forecasting technique that assumes past data patterns will continue into the future without adjusting for dynamic changes.

Historical Data

Past information and data used to analyze trends, forecast future events, and make informed decisions.