The unadjusted, adjusted, and post-closing trial balances are the three types of trial balances prepared in an accounting cycle.

Question

Quizplus · Accepted Answer

This is true. The unadjusted trial balance is prepared before any adjustments are made, the adjusted trial balance is prepared after adjustments have been made, and the post-closing trial balance is prepared after all closing entries have been made.

The Unadjusted, Adjusted, and Post-Closing Trial Balances Are the Three