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Please answer/briefly discuss any three of the following quesons. What Financial Statements can we prepare from the worksheet? Briefly describe each. What relationship exists between

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Please answer/briefly discuss any three of the following quesons. What Financial Statements can we prepare from the worksheet? Briefly describe each. What relationship exists between these financial statements prepared/extracted from worksheet? What is Classifies Balance Sheet? in what order do we list current assets ad current liabilities? What is the closing process? What accounts do we close and why? What is difference between temporary accounts and permanent accounts? describe Income summary account and how does it help with transferring net income/loss to retained earnings in owner's equity section of balance,.. sheet

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