Asked by Casual Commentator on Jun 01, 2024
Verified
An end-of-period spreadsheet heading is dated for a period of time.
Adjusted Trial Balance
A statement prepared after adjusting entries are made, used to verify the balance of debits and credits before preparing financial statements.
End-of-period Spreadsheet
A tool used in accounting to gather all the financial data and adjustments needed to prepare financial statements at the end of an accounting period.
- Understand the structure and purpose of an end-of-period spreadsheet in accounting.
Verified Answer
BY
betul yilmazJun 07, 2024
Final Answer :
True
Explanation :
An end-of-period spreadsheet heading typically includes a date or range of dates indicating the period of time the data in the spreadsheet pertains to. This allows users to easily understand the timeframe of the information presented.
Learning Objectives
- Understand the structure and purpose of an end-of-period spreadsheet in accounting.