What is a 10 - column worksheet? How is it completed and what it is for?

A 10 column worksheet is an accounting worksheet where the ledger entries are posted and the columns are totaled and in the end you get your net and gross income. It is completed by posting all the different journals to the worksheet and then all the separate entries. The columns are totaled and the end-of-month procedures are completed. It is used to close accounts each month and start new the next. Also used to find gross and net income or loss as well as taxes withdrawn.

Account titles debit credit

Cash on hand 21,700.00
Cash in bank 10,000.00
Notes receivable 1,500.00
Acccounts receivable 6,000.00
Dental equipment 100,000.00
Office equipment 20,000.00
Office furniture 30,000.00
Library 40,000.00
Accounts payable 10,000.00
Yan capital 230,000.00
Yan drawing 2,000.00
Dental income 2,000.00
Taxes and licenses 21,000.00
Salaries expense 2,000.00
Dental supplies 2,000.00
Repairs expense 300.00
Rent expense 5,000.00
Rent expense

Cash, Receivables, Equipment, Furniture, Library, Drawing, Taxes and licenses, Expenses, and Dental supplies have a normal Debit balance.

Your other accounts have a normal credit balance.