Which one of the steps below is not aided by the preparation of the work sheet?


Financial statements:

Financial statements current the financial indevelopment of the service company. Tbelow are different forms of financial statements such as earnings statements, statements of adjust in equity, balance sheet, and cash flow statement. The major elements included in the financial statement are assets, liabilities, earnings, and also prices.

You watching: Which one of the steps below is not aided by the preparation of the work sheet?


Correct answer:

Option (B) Posting to the basic ledger is the correct answer because the posting into the ledger is not aided by the preparation of the job-related sheet. The changed trial balance, financial statement and closing entries are the aided by preparation of the work-related sheet.

Incorrect Answers:

Option (A) Preparing the changed trial balance.is not the correct answer bereason the adjusted trial balance is aided by the preparation of the worksheet.

Option (C)Preparing the financial statements.is not the correct answer because preparing the financial statement is aided by the preparation of the worksheet.

Option (D) Preparing the cshedding entries is not the correct answer bereason the cshedding entries are aided by the preparation of the worksheet.


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Financial Statement Analysis: Definition, Purpose, Elements & Instances

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Chapter 13/ Lesboy 1
14K

In this leskid, we"ll specify financial statement evaluation and talk about the main categories. You"ll also learn how to calculate a financial ratio in each category and analyze the outcomes.


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