The Work Sheet - The Work Sheet Many accountants use a work...

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Unformatted text preview: The Work Sheet Many accountants use a work sheet to prepare the unadjusted trial balance, to assign the adjusting entries to the correct accounts, to create the adjusted trial balance, and then to prepare preliminary financial statements. A work sheet is an optional step in the accounting cycle. It is an informal document that is not considered a financial statement, although it gives management some information about results for a period. Work sheets usually have five sets of debit and credit columns, which are completed from left to right one set at a time. Have a look at the following Greener Landscape Group's work sheet for the month of April. Use the first set of columns to prepare a trial balance. List all open accounts on the left side of the work sheet and enter each account's debit or credit balance in the appropriate columns immediately...
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