Question

A worksheet A. is an internal document that helps summarize data for the preparation of financial statements. B. is a ledger listing the account balances and changes in those accounts. C. is a journal used to record transactions. D. is a financial statement that reports net income during the period.

Answer 1

Answer:

The correct answer is letter "A": is an internal document that helps summarize data for the preparation of financial statements.

Explanation:

In Accounting, worksheets are reports created at the end of a period to include all accounts' balances, adjustments, and adjustments' balances in financial orders. This is a summary of all the transactions of the accounting period that enables companies to prepare their Financial Statements. The worksheet represents the draft of the Trial Balance.