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the worksheet is a required financial statement true or false

the worksheet is a required financial statement true or false

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Answer #1

FALSE

Worksheet is not a required financial statement. Worksheet is a tool to prepare financial statements. It contains list of accounts, account balances, adjustments to accounts. It is used to prepare the unadjusted trial balance, adjustment entries,, adjusted trail balance and final accounts. Worksheets are prepared for internal use of the company.

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