Have an account?
The unadjusted trial balance follows what step in the accounting cycle?
Posting in the General Ledger
A profit and loss statement
A sales reconciliation
An adjusted trial balance lists:
All accounts that have a balance greater than zero
Accounts with a hormal debit balance
Accounts with a normal credit balance
If the debits and credits balance, we know the Trial Balance is Error Free
The Unadjusted Trial Balance is
Used for tax submissions
For publication to clients and the media
For internal use only
None of these
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