Have an account?
Skip to Content
5 questions
Show Answers
See Preview
- Multiple ChoicePlease save your changes before editing any questions.
The unadjusted trial balance follows what step in the accounting cycle?
Analyzing entries
Posting in the General Ledger
A profit and loss statement
A sales reconciliation
- Multiple ChoicePlease save your changes before editing any questions.
An adjusted trial balance lists:
All accounts
All accounts that have a balance greater than zero
Accounts with a hormal debit balance
Accounts with a normal credit balance
- Multiple ChoicePlease save your changes before editing any questions.
If the debits and credits balance, we know the Trial Balance is Error Free
True
False
- Multiple ChoicePlease save your changes before editing any questions.
The Unadjusted Trial Balance is
Used for tax submissions
For publication to clients and the media
For internal use only
None of these
- Multiple ChoicePlease save your changes before editing any questions.
Since the report is known as an "Unadjusted Trial Balance" we can expect that...
This is a finished report
It is error-free
All accounts are in balance
Adjustments will need to be made later