What is the major difference between the unadjusted trial balance and the adjusted trial balance?
A) The adjusted trial balance will show the net income (loss) as an additional account.
B) Unlike the adjusted trial balance, the unadjusted trial balance will continue with the end-of-period processing even if it is not in balance.
C) The adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts.
D) The adjusted trial balance will be used to record the adjustments for the period.

Question

Quizplus · Accepted Answer

The major difference between the unadjusted trial balance and the adjusted trial balance is that the adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts. The adjustments are made to ensure that the accounts accurately reflect the financial transactions of the period, and these adjustments are reflected in the adjusted trial balance. The unadjusted trial balance, on the other hand, is prepared before the adjustments are made and does not reflect these adjustments. Therefore, the adjusted trial balance provides a more accurate picture of the company's financial position at the end of the period.

What Is the Major Difference Between the Unadjusted Trial Balance