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Using a worksheet often facilitates the end-of-period (monthly, quarterly, or annually) accounting and reporting process....

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Accounting

Using a worksheet often facilitates the end-of-period (monthly, quarterly, or annually) accounting and reporting process. Use of a worksheet helps a company prepare the financial statements on a more timely basis. Discuss whether a worksheet should or should not be a permanent accounting record, and should its use be required in the accounting cycle. Explain the reason for your position.

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