Final answer:
A worksheet provides a place where adjusting entries can be made informally, assisting with the preparation of accurate financial statements by adhering to accounting principles.
Step-by-step explanation:
The place where adjusting entries can be made informally is the worksheet. Adjusting entries are adjustments to the accounting records that are made before the preparation of financial statements, and they ensure that the revenue recognition and matching principles are followed. The worksheet, which is often a spreadsheet, allows accountants to calculate and make these adjustments without altering the permanent ledger accounts initially. Once the adjustments are finalized on the worksheet, they can be formally posted to the journal and then to the ledger.