A trial balance prepared before any adjustments have been recorded is
A)An adjusted trial balance.
B)An unadjusted trial balance.
C)Used to prepare the financial statements.
D)Will not have the debits equal to the credits.
E)Correct with respect to proper balance sheet and income statement amounts.

Question

Quizplus · Accepted Answer

A trial balance prepared before any adjustments have been recorded is an unadjusted trial balance. It lists all the accounts and their balances without any adjustments made for accruals or deferrals. It is used as a starting point for preparing adjusted trial balances and financial statements. The debits should still equal the credits in an unadjusted trial balance.

A Trial Balance Prepared Before Any Adjustments Have Been Recorded