Asked by

jasminder Singh
on Oct 28, 2024

verifed

Verified

On a worksheet, which account will not be extended to the Balance Sheet columns?

A) Unearned Rent
B) Inventory, January 1
C) Capital Stock
D) Accumulated Depreciation

Accumulated Depreciation

The total depreciation of an asset up until a single point in time, showing how much of its value has been used up.

Balance Sheet

A financial statement that summarizes a company’s assets, liabilities, and shareholders' equity at a specific point in time, offering a snapshot of its financial health.

Worksheet

A worksheet in accounting is a document used to compile information from ledger accounts for the purpose of preparing financial statements.

  • Understand the function of control accounts and subsidiary ledgers.
verifed

Verified Answer

MH
Morgan HodgsonOct 29, 2024
Final Answer:
Get Full Answer