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| *The Commerce Journal>>>Other - Business & Finance |
In the accounting cycle, what is the use of the multi-column worksheet? |
In the accounting cycle, what is the use of the multi-column worksheet? The multi - column worksheet is prepared after the preparation of trial balance. It is prepared to simplify the summarization of adjustments like accrual and year - end inventory and supplies balances. In addition, worksheet is also used to identify errors. This is done also to simplify the preparation of financial statement. |
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