Question Details

The procedures used to prepare the worksheet




1.	The adjusted trial balance columns of a worksheet are obtained by subtracting the adjustment columns from the trial balance columns.


	2.	The balance of the depreciation expense account will appear in the income statement debit column of a worksheet.


	3.	The procedures used to prepare the worksheet are the same under both IFRS and GAAP.

	4.	The last 2 columns on a worksheet prepared under IFRS contains data for the Retained Earnings Statyements.

	5.	The format of the data in the Statement of Financial Position columns of the worksheet is the same as the format of the Statement of Financial Position.





Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help