Which of the following statements is incorrect concerning the work sheet? a. The work sheet is essentially
Question:
Which of the following statements is incorrect concerning the work sheet?
a. The work sheet is essentially a working tool of the accountant.
b. The work sheet cannot be used as a basis for posting to ledger accounts.
c. The work sheet is distributed to management and other interested parties.
d. Financial statements can be prepared directly from the work sheet before journalizing and posting the adjusting entries.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting Text Only
ISBN: 9780006575405
5th Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Question Posted: