Which of the following is the essential difference between an unadjusted trial balance and an adjusted trial balance?
A)an unadjusted trial balance is prepared at the start of the accounting year,while an adjusted trial balance is prepared at the end of the year.
B)an unadjusted trial balance is prepared by companies which make adjusting entries,while an adjusted trial balance is prepared by companies that do not make adjusting entries.
C)an unadjusted trial balance is prepared before the adjusting entries are reflected,while an adjusted trial balance is prepared after the adjusting entries are reflected.
D)an unadjusted trial balance is prepared after the post-closing trial balance.

Question

Quizplus · Accepted Answer

The essential difference between an unadjusted trial balance and an adjusted trial balance is that an unadjusted trial balance is prepared before the adjusting entries are reflected, while an adjusted trial balance is prepared after the adjusting entries are reflected. Adjusting entries are made at the end of the accounting period to update accounts that didn't get recorded during the period, and an adjusted trial balance is prepared to ensure the accuracy of the financial statements.

Which of the Following Is the Essential Difference Between an Unadjusted