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The balance sheet is used to provide a picture of how a company is performing at a specific moment in time. It also assists in keeping track of the steps involved in the accounting cycle. Adjusted Trial Balance Worksheet Template Trial Balance Balance Sheet Template Learn Accounting . Under the Income Statement columns the difference between the total of the debit column and the credit column is the amount of net income or net loss. It is a working tool of the accountant. What is an accounting worksheet used for . Accounting worksheets are most often used in the accounting cycle process to draft an unadjusted trial balance adjusting journal entries adjusted trial balance and financial statements. Assets liabilities and shareholders equity. The main purpose of a worksheet is that it reduces the likelyhood of forgeting an adjustment and it reveals arithmatic errors. What is an accounting worksheet used for An accounting worksheet is a spreadsheet used to prepare accounting ...