In an unadjusted trial balance,the accounts are not yet ready for the preparation of the company's financial statements.

Question

Quizplus · Accepted Answer

An unadjusted trial balance contains balances of accounts without any adjustments made for accruals or deferrals, which are necessary for the company's financial statements to accurately reflect its financial position and performance. Therefore, it is not yet ready for the preparation of financial statements.

In an Unadjusted Trial Balance,the Accounts Are Not Yet Ready