Asked by David Frigoletto on Apr 24, 2024
Verified
Which of the items below does not appear on the end-of-period spreadsheet?
A) adjusting entries
B) the unadjusted trial balance
C) closing entries
D) the dividends account
Adjusting Entries
These are journal entries made in accounting at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
Closing Entries
Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, preparing the books for the next period.
End-Of-Period Spreadsheet
A financial report used to compile and summarize the accounting information at the end of an accounting period, including balances for assets, liabilities, and equity.
- Distinguish between the various sections of an end-of-period spreadsheet and their purpose.
Verified Answer
MP
Mohan Paudel7 days ago
Final Answer :
C
Explanation :
Closing entries are not included on the end-of-period spreadsheet. This spreadsheet typically includes the unadjusted trial balance, adjusting entries, and sometimes the dividends account, but closing entries are part of the process to prepare accounts for the next period and are not reflected on this spreadsheet.
Learning Objectives
- Distinguish between the various sections of an end-of-period spreadsheet and their purpose.