A schedule listing account balances for the current and previous years,and columns for adjusting and reclassifying entries proposed by the auditors to arrive at the final amount that will appear in the financial statement,is referred to as a:
A)Working trial balance.
B)Lead schedule.
C)Summarizing schedule.
D)Supporting schedule.

Question

Quizplus · Accepted Answer

A working trial balance is a detailed schedule that lists account balances for the current and previous years, including columns for adjustments and reclassifications proposed by auditors to determine the final amounts for the financial statements.

A Schedule Listing Account Balances for the Current and Previous