Question and answer
a worksheet is a permanent accounting record and its use is required in the accounting cycle. Choosing a position and support your answer.
Permanent record? False. It's a WORKSHEET. It's used as an aid to make adjusting entries and close the books at the end of a financial period. The financial statements are the permanent records; the worksheet isn't. I don't even use them anymore. [ [ That was back when things were done on paper. It's still useful as a teaching tool for accounting students though. After one knows 'what's going
on' with adjusting entries, one really doesn't have to go through the whole worksheet process. (At least I don't). And hence, no, it's NOT required either. ] ]
Expert answered|indica20|Points 20|
Question
Asked 10/31/2012 11:05:23 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
a worksheet is a permanent accounting record and its use is required in the accounting cycle. Choosing a position and support your answer.
Weegy: Permanent record? False. It's a WORKSHEET. It's used as an aid to make adjusting entries and close the books at the end of a financial period. The financial statements are the permanent records; the worksheet isn't. I don't even use them anymore. [ [ That was back when things were done on paper. It's still useful as a teaching tool for accounting students though. After one knows 'what's going on' with adjusting entries, one really doesn't have to go through the whole worksheet process. (At least I don't). And hence, no, it's NOT required either. ] ] (More)
Question
Expert Answered
Asked 10/31/2012 11:05:32 AM
0 Answers/Comments
a worksheet is a permanent accounting record and its use is required in the accounting cycle. Choosing a position and support your answer.
Weegy: A work sheet is not a permanent accounting record When it is used: Financial statements are prepared from the work sheet Adjustments are journalized and posted from the work sheet after financial statements, [ so management can receive the financial statements more quickly To Prepare A Work Sheet: 1 Prepare the trial balance 2 Enter adjustments in the adjustments columns 3 Enter adjusted balances in adjusted trial balance columns 4 Extend adjusted trial balance amounts to the appropriate financial statement columns 5 Total the statement columns, compute net income (loss), and complete the work sheet ] (More)
Question
Expert Answered
Asked 10/31/2012 11:53:51 AM
0 Answers/Comments
a worksheet is a permanent accounting record and its use is required in the accounting cycle. Choosing a position and support your answer.
Weegy: A work sheet is not a permanent accounting record. [ When it is used: Financial statements are prepared from the work sheet Adjustments are journalized and posted from the work sheet after financial statements, so management can receive the financial statements more quickly To Prepare A Work Sheet: 1 Prepare the trial balance 2 Enter adjustments in the adjustments columns 3 Enter adjusted balances in adjusted trial balance columns 4 Extend adjusted trial balance amounts to the appropriate financial statement columns 5 Total the statement columns, compute net income (loss), and complete the work sheet. .............www.transtutors.com/questions/tts-accounting-cycle-109871.htm ] (More)
Question
Expert Answered
Asked 10/31/2012 12:01:23 PM
0 Answers/Comments
a worksheet is a permanent accounting record and its use is required in the accounting cycle. Choosing a position and support your answer.
Weegy: Permanent record? False. It's a WORKSHEET. It's used as an aid to make adjusting entries and close the books at the end of a financial period. The financial statements are the permanent records; the worksheet isn't. I don't even use them anymore. [ That was back when things were done on paper. It's still useful as a teaching tool for accounting students though. After one knows 'what's going on' with adjusting entries, one really doesn't have to go through the whole worksheet process. (At least I don't). And hence, no, it's NOT required either. ] (More)
Question
Expert Answered
Asked 10/31/2012 12:22:46 PM
0 Answers/Comments
a worksheet is a permanent accounting record and its use is required in the accounting cycle. Choosing a position and support your answer.
Weegy: A work sheet is not a permanent accounting record When it is used: Financial statements are prepared from the work sheet Adjustments are journalized and posted from the work sheet after financial statements, [ so management can receive the financial statements more quickly To Prepare A Work Sheet: 1 Prepare the trial balance 2 Enter adjustments in the adjustments columns 3 Enter adjusted balances in adjusted trial balance columns 4 Extend adjusted trial balance amounts to the appropriate financial statement columns 5 Total the statement columns, compute net income (loss), and complete the work sheet ] (More)
Question
Expert Answered
Asked 10/31/2012 12:26:49 PM
0 Answers/Comments
17,934,757 questions answered
Popular Conversations
Manhattan Island is __________. A. the largest island in Canada B. ...
Weegy: the manhattan island is the most highly populated island in north america. letter D would be the best answer. ...
10/22/2014 8:51:05 AM| 9 Answers
Arabian glass, which authorities believe appeared in the second half ...
Weegy: Obsidian, which was used by early man to make arrowheads, is a naturally occurring glass. 'which was used by ...
10/22/2014 10:45:16 AM| 3 Answers
What is the center of the circle that has a diameter whose endpoints ...
Weegy: The center of the circle that has a diameter whose endpoints are (2, 7) and (-6, -1) is (-2, 3) User: ...
10/22/2014 10:50:52 AM| 3 Answers
Perform the indicated operation. (8c 2 - 2c - 15) ÷ (4c + 5) = ...
Weegy: 3-3 = 0 User: Cool Scoops ice cream shop offers 60 different one-topping sundaes. If there are 12 flavors of ...
10/22/2014 11:16:59 AM| 3 Answers
Which kingdom contains only ...
Weegy: Which kingdom contains only producers? - D. Plantae
10/22/2014 7:29:36 AM| 2 Answers
Which words in the sentence make up the adjective phrase? Which word ...
Weegy: Which words in the sentence make up the adjective phrase? Which word does the adjective phrase modify? Bees ...
10/22/2014 9:30:59 AM| 2 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 2349 [Total 14724]| Ratings 0| Comments 2349| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 1554 [Total 11035]| Ratings 4| Comments 1514| Invitations 0|Online
S
1
L
1
L
P
P
L
Points 823 [Total 13052]| Ratings 0| Comments 823| Invitations 0|Offline
S
L
Points 524 [Total 1923]| Ratings 0| Comments 524| Invitations 0|Offline
S
1
L
L
Points 483 [Total 6277]| Ratings 3| Comments 453| Invitations 0|Offline
S
Points 482 [Total 482]| Ratings 0| Comments 452| Invitations 3|Offline
S
Points 421 [Total 422]| Ratings 6| Comments 361| Invitations 0|Online
S
Points 256 [Total 256]| Ratings 1| Comments 246| Invitations 0|Online
S
P
C
L
P
L
1
Points 48 [Total 6282]| Ratings 0| Comments 48| Invitations 0|Offline
S
Points 27 [Total 27]| Ratings 0| Comments 27| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.