Question

Which of the following is not an essential part of the accounting records?
A. The journal.
B. The ledger.
C. The chart of accounts.
D. The work sheet.

Answer 1

Answer:

D. The worksheet

Explanation:

Accounting records are documents used to analyze and prepare financial statements. Accounting records are also documents which can be used to assess the performance of a company and also serves as source of records for audit purposes.

The followings are essential parts of accounting records; balance sheet, statement of cash flow, the ledgers , the journals, income statements etc.