Multiple Choice
Which of the following is the essential difference between an unadjusted trial balance and an adjusted trial balance?
A) An unadjusted trial balance is prepared at the start of the accounting year, while an adjusted trial balance is prepared at the end of the year.
B) An unadjusted trial balance is prepared after the post-closing trial balance.
C) An unadjusted trial balance is prepared by companies which make adjusting entries, while an adjusted trial balance is prepared by companies that do not make adjusting entries.
D) An unadjusted trial balance is prepared before the adjusting entries are reflected, while an adjusted trial balance is prepared after the adjusting entries are reflected.
Correct Answer:
Verified
Correct Answer:
Verified
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