The Worksheet Has a Debit and Credit Column for All

question 51

Multiple Choice

The worksheet has a debit and credit column for all of the following except the

• A) trial balance.
• B) adjusted trial balance.
• C) statement of cash flows.
• D) income statement.

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Definitions:

Adjusted Trial Balance

A statement prepared after adjusting entries are made, used to verify the balance of debits and credits before preparing financial statements.

End-of-period Spreadsheet

A tool used in accounting to gather all the financial data and adjustments needed to prepare financial statements at the end of an accounting period.

Adjusted Trial Balance

A listing of all company accounts that will appear in the financial statements after adjustments have been made for journal entries.

Adjustments Column

A column in accounting ledgers or tables used to record changes or corrections to initial entries prior to preparing financial statements.