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
Ask a question
Not a good answer? Get an answer now. (FREE)
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 ... (More)
Question
All Categories|No Subcategories|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 ... (More)
Question
All Categories|No Subcategories|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 ... (More)
Question
All Categories|No Subcategories|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 ... (More)
Question
All Categories|No Subcategories|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 ... (More)
Question
All Categories|No Subcategories|Expert Answered
Asked 10/31/2012 12:26:49 PM
0 Answers/Comments
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
what is anthropology
Weegy: Anthropology is the study of humankind, past and present, that draws and builds upon knowledge from social and ...
4/16/2014 3:13:10 AM| 3 Answers
Twenty-seven is 25% of a0.
Weegy: 15% of 25 is 3.75 User: what is 27 times 4 Weegy: You can factor the second part by using factors of 27 that ...
4/16/2014 3:46:34 AM| 3 Answers
Write the equation that satisfies the given conditions. The line ...
Weegy: The equation of the line that passes through (4, -1) and (-2, 3) is y = 5/3 - (2 x)/3 User: Write the equation ...
4/16/2014 12:10:38 PM| 3 Answers
Read the sentence below and answer the question that follows. ...
Weegy: Kindly underline the verb indicated.
4/17/2014 10:31:56 AM| 3 Answers
What is the factored form of the expression? 4x2 – 81y2 A. ...
Weegy: 4x^2 ? 81y^2 the factored form is: B. (2x + 9y)(2x ? 9y)
4/16/2014 3:29:22 AM| 2 Answers
What is an S corporation?
Weegy: In a general sense, a corporation is a business entity that is given many of the same legal rights as an actual ...
4/16/2014 7:46:05 AM| 2 Answers
Which acid is used in batteries?
Weegy: A battery can change chemical energy to electricity by putting certain chemicals in contact with each other in a ...
4/16/2014 8:08:51 AM| 2 Answers
Weegy Stuff
S
L
P
C
P
C
1
L
P
C
Points 1369 [Total 9250]| Ratings 0| Comments 1369| Invitations 0|Offline
S
L
P
C
L
P
C
Points 1368 [Total 6755]| Ratings 0| Comments 1368| Invitations 0|Offline
S
1
L
1
L
P
Points 419 [Total 7096]| Ratings 1| Comments 409| Invitations 0|Online
S
L
Points 349 [Total 2796]| Ratings 2| Comments 319| Invitations 1|Offline
S
Points 140 [Total 556]| Ratings 0| Comments 140| Invitations 0|Offline
S
1
Points 139 [Total 469]| Ratings 3| Comments 109| Invitations 0|Offline
S
R
Points 115 [Total 227]| Ratings 5| Comments 55| Invitations 1|Offline
S
Points 111 [Total 755]| Ratings 1| Comments 101| Invitations 0|Offline
S
Points 91 [Total 91]| Ratings 4| Comments 31| Invitations 2|Offline
S
P
C
L
P
Points 76 [Total 3921]| Ratings 0| Comments 76| Invitations 0|Offline