Which of These Is Not an Advantage of Using a Worksheet

question 6

Multiple Choice

Which of these is not an advantage of using a worksheet to assist in preparing the financial statements?

• A)All the information is assembled in one place
• B)It aids in the preparation of interim financial statements for internal use
• C)Reports can be prepared before making closing entries
• D)It means that the ledger can be dispensed with

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Definitions:

Rating Questionnaire

A survey method used to evaluate preferences, performance, or perceptions through a scored system.

Accurate

Describes information or measurements that are correct in all details; free from errors or distortions.

Meaningful

Having significance, purpose, or value; especially refers to work or activities that impart a sense of contribution.

Informal Mentoring

A non-structured form of guidance where an experienced individual provides advice and support to a less experienced person in an unofficial capacity.