The unadjusted trial balance:
A)is a preliminary financial statement for external and internal users.
B)generally lists account names in alphabetical order.
C)is created to determine that total debits equal total credits.
D)indicates whether or not errors were made in recording transactions.

Question

Quizplus · Accepted Answer

The unadjusted trial balance is an internal report;it is not issued to external decision makers.It is prepared before end-of-period adjustments and lists the unadjusted balances of each account (in ledger order)to check the equality of total debits and credits.Even if total debits equal total credits,it is possible that errors in recording transactions were made.

The Unadjusted Trial Balance