d.is provided to summary account balances and adjustments because that the financial statements

132.Which one of the steps listed below is notaided through the ready of the end-of-period spreadsheet?

a.preparing the readjusted trial balance

b.posting to the basic ledger

c.preparing the financial statements

d.preparing the closeup of the door entries

133.An end-of-period spreadsheet contains columns for

a.adjusting entries

b.closing entries

c.reversing entries

d.adjusting and closing entries

134.When the end-of-period spreadsheet is complete, the convey columns have to have

a.total credits greater than full debits if a net revenue was earned

b.total debits better than full credits if a network loss to be incurred

c.total debits higher than complete credits if a net revenue was earned

d.total debits are equal to full credits

135.The difference in between the totals that the debit and also credit columns that the changed Trial Balance columns ~ above theend-of-period spreadsheet

a.is the amount of net earnings or loss

b.indicates there is an error top top the work sheet

c.is the lot of preserved earnings

d.is the difference between revenue and expenses

136.Net income appears on the end-of-period spreadsheet in the

a.debit tower of the Balance paper columns

b.debit obelisk of the Adjustments columns

c.debit tower of the revenue Statement columns

d.credit obelisk of the income Statement columns

137.A network loss shows up on the end-of-period spreadsheet in the

a.debit column of the Balance sheet columns

b.credit column of the Balance paper columns

c.debit column of the revenue Statement columns

d.credit obelisk of the Adjustments columns

138.After net earnings is gone into on the end-of-period spreadsheet, the Balance sheet Debit and also Credit columns must

a.be the exact same amount together the total amount the the revenue Statement Debit and Credit columns

b.equal every other

c.be the very same amount together the full amount in the changed Trial Balance Debit and Credit columns

d.not be equal to every other and also need not be the very same total amounts as any other pair that columns ~ above the worksheet

139.Which the the statements below indicates that a company earned a net earnings for the period?

a.The amount of the credits over the sum of the debits in the Balance paper columns top top the end-of-periodspreadsheet

b.The amount of the credits above the sum of the debits in the earnings Statement columns on the end-of-periodspreadsheet

c.The sum of the debits exceeds the amount of the credits in the income Statement columns top top the end-of-periodspreadsheet

d.Cash inflows exceed cash outflows

140.Which that the items below would show up in the income Statement columns of the end-of-period spreadsheet?