The Worksheet

question 95

Multiple Choice

The worksheet:

• A)Is one of the basic financial statements.
• B)Is prepared throughout the year.
• C)Is not a formal step in the accounting cycle.
• D)Starts with the first column being the adjusted trial balance.

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Definitions:

Cerebrovascular Accident

A stroke; caused by a hemorrhage in the brain or more often by a clot lodged in a cerebral artery.

Petty Cash Fund

A small amount of cash kept on hand to pay for minor expenses, such as office supplies or reimbursements.

Journal Entries

Documentation of financial transactions in a journal, showing the accounts and amounts debited and credited.

Vouchers

Documents serving as evidence for transactions, such as payments or receipts, and authorize the related accounting entries.