When is a trial balance usually prepared?
A) after each entry is journalized
B) before the financial statements are prepared
C) after the financial statements are prepared
D) at the beginning of an accounting period

Question

Quizplus · Accepted Answer

A trial balance is usually prepared before the financial statements are prepared because it ensures that the total debits equal the total credits in the general ledger, providing a basis for preparing the financial statements.

When Is a Trial Balance Usually Prepared