In Lieu of Using the Trial Balance Worksheet to Prepare

question 124

Multiple Choice

In lieu of using the Trial Balance Worksheet to prepare the financial statements,an accountant can use the:

• A)journal.
• B)ledger.
• C)prior period financial statements.
• D)prior period audit report.

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Definitions:

Ball Bearings

Ball bearings are a type of rolling-element bearing that uses balls to maintain the separation between the bearing races, reducing friction and supporting radial and axial loads.

Roller Bearings

Bearings that use cylindrical or spherical rollers positioned between two races to reduce friction and support radial and axial loads.

Needle Bearings

A type of roller bearing with long, thin cylindrical rollers resembling needles, used in applications with limited space and high load capacity.

Journal Bearings

Journal bearings are a type of plain bearing that support radial loads by enclosing the shaft along its length, offering a smooth, lubricated surface for the shaft to rotate within.