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) Both will need to be in balance in order to continue with the end-of-period processing.
C) The adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts.
D) The unadjusted 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 unadjusted trial balance does not have these adjustments. Additionally, both the unadjusted and adjusted trial balance need to be in balance to proceed with end-of-period processing. The adjusted trial balance may show net income (loss) as an additional account, but this is not the major difference between the two types of trial balances. Furthermore, the unadjusted trial balance is not used to record adjustments for the period.

What Is the Major Difference Between the Unadjusted Trial Balance