A schedule listing account balances for the current and previous years,and columns for adjusting and reclassifying entries proposed by the auditors to arrive at the final mount that will appear in the financial statement,is referred to as a:
A)Working trial balance.
B)Lead schedule.
C)Summarizing schedule.
D)Supporting schedule.

Question

Quizplus · Accepted Answer

A working trial balance is a document that lists the balances of all accounts, including those for the current and previous years, and includes columns for adjustments and reclassifications proposed by auditors to arrive at the final amounts to be reported in the financial statements.

A Schedule Listing Account Balances for the Current and Previous