When the current year's unaudited trial balance amounts are compared to the prior year's audited trial balance amounts,
A)errors are identified.
B)discrepancies are discovered.
C)irregularities become apparent.
D)significant changes in balances are highlighted.

Question

Quizplus · Accepted Answer

Comparing the current year's unaudited trial balance amounts to the prior year's audited trial balance amounts highlights significant changes in balances. Errors, discrepancies, and irregularities may also be identified through the comparison, but the primary purpose is to identify any significant changes in account balances from one year to the next.

When the Current Year's Unaudited Trial Balance Amounts Are Compared