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Which of the following statements is incorrect? A.The work sheet eliminates the need for preparing and posting adjusting and closing journal entries. B.The work sheet
Which of the following statements is incorrect?
| A.The work sheet eliminates the need for preparing and posting adjusting and closing journal entries. |
| B.The work sheet serves as the basis for preparing the Income Statement. |
| C.The work sheet serves as the basis for preparing the Balance Sheet. |
| D.The work sheet serves as the basis for journalizing the adjusting entries. |
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
5th Canadian Edition
1119403995, 9781119403999
