Which of the Following Statements Is Incorrect

question 31

Multiple Choice

Which of the following statements is incorrect?

• A) Working papers are useful aids in the accounting process.
• B) On the work sheet, the effects of the accounting adjustments are shown on the account balances.
• C) After the work sheet is completed, it can be used to help prepare the financial statements.
• D) On the work sheet, the adjusted amounts are sorted into columns according to whether the accounts are used in preparing the unadjusted trial balance or the adjusted trial balance.
• E) A worksheet is not a substitute for financial statements.

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Definitions:

Specific Purpose

A clear statement defining the goal or objective that a particular activity, document, or speech aims to achieve.

Business Messages

Communications crafted to convey information or intentions within a professional setting, targeting specific outcomes or responses.

Audience Members

Individuals who are part of the group that watches, listens to, or reads a performance, presentation, or written work.

Audience Wants

The desires, needs, or expectations of the audience that a speaker, writer, or marketer aims to fulfill through their communications.