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What is an 8 column worksheet?

Updated: 11/7/2022
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14y ago

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A work sheet is an informal business form prepared in pencil on columnar book-keeping paper, used to organize and plan the information for the financial statements. An 8 column worksheet includes the trial balance, adjustments (new two columns) the income statement and the balance sheet. The adjustments column includes late invoices and adjusting/closing entries.

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Q: What is an 8 column worksheet?
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How does an 8-column worksheet differ from a 10-column worksheet?

An 8-column worksheet is standard for the following: Unadjusted Trial Balance, Adjustments, Adjusted Trial Balance, Income Statement, and Balance Sheet. The 10-column worksheet has an extra two columns for the Post-Closing Trial Balance.


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