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

Question

Quizplus · Accepted Answer

The trial balance is prepared before financial statements are prepared to ensure that the total debits equal the total credits, indicating that the ledger is in balance. This step is crucial for the accuracy of financial statements.

When Is the Trial Balance Usually Prepared