Worksheet

1. ACCT 11
Module Title: PREPARATION OF WORKSHEET
Developer: Mrs. Sarah Joy D. Martin
Materials: Eugene A. Ruano, CPA

2. SPECIFIC LEARNING
1 Discussed how to adjust the entries
2 Understand the meaning of adjusting entries
3 Understand why we need adjustments

3. 1 Understand the process of worksheet
2 Understand the purpose of worksheet
3 Discuss how to balance all the total of each
column
4 Analyzed how to debit and to credit

4. WORKSHEET
A worksheet is a multiple-column form that is used in preparing
and adjusting financial statements.
Multiple column sheets wherein all necessary information used
for the preparation of the financial statement is recorded in a
systematic process is called a worksheet.
The worksheet is not a permanent account.
It is not a part of a journal or ledger. It is a device
used for easy preparation of adjusting entries and
financial statements.

5. 3 TYPES OF WORKSHEET
1. GENERAL WORKSHEET
contains four to six pairs of columns.
 Trial balance,
 Adjustment,
 Adjusted trial balance,
 An income statement, and
 Balance sheet
five pair columns or ten columns worksheets can serve the
purpose of general business.

6. 3 TYPES OF WORKSHEET
1. GENERAL WORKSHEET
contains four to six pairs of columns.
 Trial balance,
 Adjustment,
 Adjusted trial balance,
 An income statement, and
 Balance sheet
five pair columns or ten columns worksheets can serve the
purpose of general business.

7. 3 TYPES OF WORKSHEET
2. DETAILED WORKSHEET
prepared for containing more detailed information over a
general worksheet
 Accounts receivable and accounts payable lists,
 Production expenditure lists,
 Insurance premium lists etc.
Sometimes extra sheet containing columns are enclosed for
explaining particular items.

8. 3 TYPES OF WORKSHEET
3. AUDIT WORKSHEET
used for preparing financial statements and
lists for various uses of business concerns.
prepared in the light of the auditing
of various items included in the
worksheet. It is an aid to audit the
work of a business concern.

9. E. Mortiz, lawyer
Worksheet
March 31, 2019
REF
ACCOUNT
TITLE
TRIAL BALANCE ADJUSTMENTS
ADJUSTED
TRIAL BALANCE
INCOME
STATEMENT
BALANCE
SHEET
DR CR DR CR DR CR DR CR DR CR
STEPS OF PREPARING
ACCOUNTING WORKSHEET
1. Name of business organization
and preparation date
2. Drawing column and mentioning the
head of the column
3. Unadjusted Trial Balance
*Pre-Closing TB
4. Adjustment
*not exist in the trial
balance
5. Adjusted trial balance
*ledger balances –
adjusted and unadjusted
6. Income Statement
*Profit/Loss = T_income
– T_expenses
7. Retained earning
statements
*Transfer to Balance
sheet,T_Dr – T_Cr
8.Balance Sheet-
profit org; activity
over a set financial
activity /
Statement of
Financial Position
– non
profit:spend,resou
rces, liabilities

10. NO. Accounts Title &
Explanation
Debit Credit
1 Office supplies used 50
Supplies 50
(250-200=50)
2 Depreciation – Office
Equipment
435
Accumulated
Depreciation – office
Equipment
435
(4350 X .10 =435)
3 Interest Expense 6
Accrued Interest
Expense
6
(60x .10 = 6)
On December 31, the end of
the accounting period, the
following data were taken:
1. An actual count of office
supplies showed a balance of
P200.
2. Office equipment are
depreciated at 10% per annum.
3. 10% interest has accrued on
the note payable
PREPARE A WORKSHEET

12. END OF PRESENTATION