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GB 518 Quiz 2
GB518 Financial Accounting Principles and Analysis
1.
Question :
Financial statements are typically
prepared in the following order:
Balance sheet, statement of retained
earnings, income statement
Statement of retained earnings, balance
sheet, income statement
Income statement, balance sheet,
statement of retained earnings
Income statement, statement of retained
earnings, balance sheet
Question 2. Question :
A 10-column spreadsheet used to
draft a company's unadjusted trial balance, adjusting entries,
adjusted trial balance and financial statements and which is an
optional tool in the accounting process is a(n):
Adjusted trial balance
Work sheet