A trial balance prepared before any adjustments have been recorded is:_________ a) Correct with respect to proper balance sheet and income statement amounts. b) Only prepared once a year. c) An unadjusted trial balance. d) An adjusted trial balance. e) Used to prepare financial statements.

Respuesta :

Answer:

c) An unadjusted trial balance.

Explanation:

  • An unadjusted trial balance is a listing of the general ledger and account balances found at the end of the reporting period
  • And before any adjusted entries are made in the balance sheets to create a financial statements and these entitles have not yet been considered for a certain period at the end of the reporting peroid.

Answer:

C. An unadjusted trial balance

Explanation:

A is incorrect because adjustments haven’t been made to calculate correct balances.

B is incorrect because the trial balance may be prepared multiple times per year depending on when financial statements are prepared

D is incorrect because an adjusted trial balance has been prepared after adjusting entries to unadjusted trial balance

E is incorrect because financial statements are prepared using the adjusted trial balance.