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Connect Search-.| Share | More » ental Accounting Principles – Wild, Shaw, and Chiappetta, 23e, Adjusting Accour Explain the difference between the unadjusted and the adjusted trial balance. Click the answer you think is right. The unadjusted trial balance is more accurate and should be used to prepare financial statements The adjusted trial balance is prepared after adjusting entries have been recorded and posted. The adjusted trial balance contains only the accounts which were adjusted. The unadjusted trial balance contains all of the remaining accounts. The unodjusted trial balance is more up to date than the adjusted trial balance. Unoure No idea let
Expert Answer
Solution
Right option is:
Adjusted trial balance is prepared after adjusting entries have been recorded and posted.
Explanation:
Adjusted trial balance is the second trial balance prepared in accounting cycle. Firstly the unadjusted trial balance is prepared. After recording the adjusting entries and posting them in related accounts, adjusted trial balance is prepared. Objective to prepare the adjusted trial balance is to check the arthmatical accuracy of debits and credits equilality after the adjusting entries have been posted.
