{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

chapter4a - Chapter 4 1 Which of the following statements...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 4 1. Which of the following statements is incorrect concerning the worksheet? A. The worksheet is essentially a working tool of the accountant. B. The worksheet is distributed to management and other interested parties. C. The worksheet cannot be used as a basis for posting to ledger accounts. D. Financial statements can be prepared directly from the worksheet before journalizing and posting the adjusting entries. 2. In a worksheet, net income is entered in the following columns: 3. An account that will have a zero balance after closing entries have been journalized and posted is:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}