The adjusted trial balance shows:
A)accounts that may still be out of balance.
B)revenues and expense amounts only.
C)numbers ready to be transferred to the financial statements.
D)assets, liabilities and Stockholders' Equity amounts only.

Question

Quizplus · Accepted Answer

The adjusted trial balance shows the final balances of all accounts after adjusting entries have been made at the end of an accounting period. These balances are ready to be transferred to the financial statements, which show a company's financial performance for the period. Therefore, the adjusted trial balance shows numbers that are ready to be transferred to the financial statements.

The Adjusted Trial Balance Shows