The balance in the Supplies account on the adjusted trial balance:
A)is generally equal to the balance on the unadjusted trial balance.
B)is generally greater than the balance on the unadjusted trial balance.
C)is generally less than the balance on the unadjusted trial balance.
D)has no relationship to the balance on the unadjusted trial balance.

Question

Quizplus · Accepted Answer

The balance in the Supplies account is adjusted at the end of the accounting period to reflect the actual amount of supplies on hand. This adjustment is likely to result in a decrease in the balance of the Supplies account, which means the adjusted balance will generally be less than the balance shown on the unadjusted trial balance.

The Balance in the Supplies Account on the Adjusted Trial