Working Papers Are Useful Aids In The Accounting Process

Which of the following statements is incorrect? ۔

Which of the following statements is incorrect?

A. Working papers are useful tools in the accounting process.

B. In a spreadsheet, the effects of accounting adjustments are related to the account balance.

C. Upon completion, the spreadsheet can be used to generate financial reports.

D. In a spreadsheet, the adjusted amount is arranged in columns, depending on whether the account was used to create an adjusted trial balance or an adjusted trial balance.

E. Spreadsheets do not change annual financial statements.

The answer is D, but I only know because I have just taken a test. This question is asked in a crude way, but it seems that every professor in the United States uses it. Slow teacher, don't read people's questions from the book you got for 5 115.

But yes it is D.

Working Papers Are Useful Aids In The Accounting Process

Which of the following statements is incorrect? 3
Which of the following statements is incorrect?
A. Working papers are useful tools in the accounting process.
B. In a spreadsheet, the effects of accounting adjustments are related to the account balance.
C. Upon completion, the spreadsheet can be used to prepare financial reports.
D. In a spreadsheet, the adjusted values are arranged in columns depending on whether the account was used to create an adjusted trial balance or an adjusted trial balance.
E. Spreadsheets are not a substitute for annual financial statements.
The answer is D, but I only know because I have just taken a test. The question is absurd, but every professor in the United States seems to use it. Slow professor, don't read the questions people ask you in the book you got for $ 115.
But yes, this is D.