An accounting worksheet is large table of data which may be prepared by accountants as an optional intermediate step in an accounting cycle. The main purpose of a worksheet is that it reduces the likelyhood of forgeting an adjustment and it reveals arithmatic errors. A worksheet acts as a tool for an accountant and it is not usually intented to be used by third parties. It is an informal document.
A typical worksheet consists of a column on the left showing main account titles and 10 more columns of debits and credits showing trial balance, adjustments, adjusted trial balance, incomes statement and balancesheet.
The following example shows a worksheet based on the data from various pages of this chapter. Scroll the worksheet to the right to view all columns.
|Account Title||Unadjusted Trial Balance||Adjustments||Adjusted Trial Balance||Income Statement||Balance Sheet|
by Irfanullah Jan, ACCA and last modified on