The adjusted trial balance is prepared a. prior to completing the adjusting entries. b. only if errors are suspected when problems arise while preparing the financial statements. c. after adjusting entries are posted but before financial statements are prepared. d. after financial statements are prepared.

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Business

Aniyah

12 June, 05:39

The adjusted trial balance is prepared a. prior to completing the adjusting entries. b. only if errors are suspected when problems arise while preparing the financial statements. c. after adjusting entries are posted but before financial statements are prepared. d. after financial statements are prepared.

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Answers (1)

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Ulises · Answer 1

The correct option is C

Explanation:

The adjusted trial balance is the kind of trial balance which is a document that is for internal purpose and it lists all the the account titles of the general ledger and the balances after any adjustments have passed or made. And it must have aggregate amount of the credit balances to the aggregate amount of debit balances.

And it is made or prepared after the adjusting entries are passed or posted but it is prepared before the financial statements are made.