Which of the Following Statements Is Incorrect

question 65

Multiple Choice

Which of the following statements is incorrect?

• A) Working papers are invaluable tools of the accountant.
• B) The work sheet shows the effects of adjustments on the account balances.
• C) After the work sheet is completed, the work sheet information is used to prepare the financial statements.
• D) On the work sheet, the accountant sorts the adjusted amounts into columns according to whether the accounts are used in preparing the unadjusted trial balance or the adjusted trial balance.
• E) The work sheet is an optional step in the accounting cycle.

---

Definitions:

Competence

The ability of an individual to do something successfully or efficiently.

Empathy

Ability to put oneself in another person’s place and feel what the other person feels.

Middle Childhood

The developmental stage in children aged approximately 6 to 12 years, typically involving significant growth in cognitive, emotional, and social areas.

Empathic Parents

Caregivers who possess the ability to understand and share the feelings of their child, fostering a supportive and understanding family environment.