Multiple Choice
What is the major difference between the unadjusted trial balance and the adjusted trial balance?
A) The adjusted trial balance will show the net income (loss) as an additional account.
B) Unlike the adjusted trial balance, the unadjusted trial balance will continue with the end-of-period processing even if it is not in balance.
C) The adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts.
D) The adjusted trial balance will be used to record the adjustments for the period.
Correct Answer:
Verified
Correct Answer:
Verified
Q192: Use the following end-of-period spreadsheet to answer
Q193: Once the adjusted trial balance is in
Q194: The first item appearing on the statement
Q195: Balance sheet accounts<br>A) represent amounts accumulated during
Q196: After all of the account balances have
Q198: Net income is shown on the work
Q199: All income statement accounts will be closed
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Q201: The current ratio is computed by dividing
Q202: Real accounts are not permanent accounts.