Asked by Jordan Novak on May 11, 2024
Verified
The trial balance may be listed on the work sheet instead of being prepared separately.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit accounts columns to check the accuracy of financial transactions.
Work Sheet
An internal document or spreadsheet used by accountants to prepare financial statements and consolidate adjusting entries.
- Gain insight into the role and utilization of the work sheet within accounting operations.
Verified Answer
AE
Alison EsquivelMay 13, 2024
Final Answer :
True
Explanation :
The trial balance can be listed on the work sheet in the appropriate section, instead of being prepared as a separate document.
Learning Objectives
- Gain insight into the role and utilization of the work sheet within accounting operations.