Question

100 POINTS HELPWhich column on an accounting worksheet may not balance at the end of an accounting period?

A. The Adjusted Trial Balance
B. The Trial Balance
D. The Adjustments
C. The Income Statement

Answer 1

C. The Income Statement

Explanation:

The Income Statement column on an accounting worksheet may not balance at the end of an accounting period.

An accounting worksheet is a tool used by accountants to help organize and summarize financial information and to prepare financial statements. The worksheet is typically a multi-column form that includes columns for the unadjusted trial balance, adjustments, adjusted trial balance, income statement, and balance sheet.

The Adjustments column is used to record adjusting entries and to update the account balances to reflect accruals, deferrals, and other accounting adjustments. The Adjusted Trial Balance column is the result of the adjustments made in the Adjustments column and should include all the account balances that will be used to prepare the financial statements.

Answer 2

Answer: C

Explanation:

The column on an accounting worksheet that may not balance at the end of an accounting period is the Adjustments column.

The Adjustments column on an accounting worksheet includes all the adjusting entries that are needed to update the accounts before the financial statements are prepared. These adjustments can include accruals, deferrals, depreciation, and other adjustments that need to be made to the accounts to accurately reflect the financial position of the company.

Since the Adjustments column is used to record these adjusting entries, it is possible that this column may not balance at the end of the accounting period, as the adjustments may not perfectly offset each other. However, this is not a problem, as the purpose of the worksheet is to help prepare the financial statements, not to balance each individual column.

Therefore, the correct answer is option D, the Adjustments column.