Question

When using the spreadsheet (work sheet) for the statement of cash flows, indirect method, entries made on the spreadsheet are a. not recorded in to the journal but are posted to the ledger. b. recorded in the journal but not posted to the ledger. c. recorded in the journal and posted to the ledger. d. not recorded in the journal or posted to the ledger.

Answer 1

When using the spreadsheet (work sheet) for the statement of cash flows, indirect method, entries made on the spreadsheet are not recorded in the journal or posted to the ledger.

Entries made on the spreadsheet are just used for preparation of statement of cash flows

Option D is correct