Which of the following is not a principal purpose of an unadjusted trial balance?
A) It proves that debits and credits of equal amounts are in the ledger.
B) It is the basis for any adjustments to the account balances.
C) It supplies a listing of open accounts and their balances.
D) It proves that debits and credits were properly entered in the ledger accounts.

Question

Quizplus · Accepted Answer

The unadjusted trial balance primarily serves to prove that the total debits equal the total credits in the ledger, provide a listing of accounts for adjusting entries, and serve as a basis for adjustments. It does not prove that debits and credits were properly entered in the ledger accounts, as errors can still occur even if the totals match (e.g., an amount could be posted to the wrong account but still keep the trial balance balanced).

Which of the Following Is Not a Principal Purpose of an Unadjusted