Which of the following is correct regarding the spreadsheet (worksheet) used to prepare the statement of...
Which of the following is correct regarding the spreadsheet (worksheet) used to prepare the statement of cash flows?
a.A spreadsheet is not required to be used to prepare the statement of cash flows.
b.The entries made on the spreadsheet are used to prepare the income statement.
c.The entries made on the worksheet are posted to the ledger.
d.The debit and credit Transactions columns do not have to equal.
Homework Answers
Solution:
"A spreadsheet is not required to be used to prepare the statement of cash flows" is correct regarding the spreadsheet (worksheet) used to prepare the statement of cash flows.
Because a spreadsheet is optional to be prepared.
Hence, option "a" is correct.
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