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Which of the following columns is generally found on a worksheet?

A. Chart of accounts.
B. Statement of cash flows.
C. Income statement.
D. All of these answer choices are correct.

1 Answer

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Final answer:

The Income Statement is typically the column found on a worksheet, which is used for preparing financial statements. Neither the Chart of Accounts nor the Statement of Cash Flows constitute columns on a basic worksheet.

Step-by-step explanation:

The column that is generally found on a worksheet is the Income Statement column. Worksheets are tools used in the preparation of financial statements and typically include columns for trial balances, adjustments, adjusted balances, and often the Income Statement and Balance Sheet. The Chart of Accounts is a listing of all accounts used in the general ledger of an organization rather than a column on a worksheet. The Statement of Cash Flows is a financial statement showing a company's inflows and outflows of cash, but it is not generally a column on a worksheet.

The term T-account refers to the shape of the ledger accounts that resembles the letter 'T' and is used to depict the basic structure of a ledger account, which is also presented in this format in worksheets at times, especially within the columns dedicated to showing adjustments and final account balances.

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