asked 59.9k views
5 votes
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

asked
User Prabhu R
by
8.0k points

1 Answer

2 votes

Final answer:

Accumulated Depreciation is the account that will not be extended to the balance sheet columns. The answer is D.

Step-by-step explanation:

On a worksheet, the account that will not be extended to the balance sheet columns is d. Accumulated Depreciation.

The balance sheet is a financial statement that shows the financial position of a company at a given point in time. It includes assets, liabilities, and owner's equity. Accumulated Depreciation is a contra account that reduces the value of an asset, such as equipment or buildings, to reflect its depreciation over time. Since it is a contra account, it is subtracted from the corresponding asset account and its balance does not directly appear in the balance sheet columns.

answered
User Yarek
by
8.3k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.