Explain the difference between the unadjusted and the adjusted trial balance. Multiple choice question. The adjusted trial balance is prepared after adjusting entries have been recorded and posted. The unadjusted trial balance is more up to date than the adjusted trial balance. The unadjusted trial balance is more accurate and should be used to prepare financial statements. The adjusted trial balance contains only the accounts which were adjusted. The unadjusted trial balance contains all of the remaining accounts.

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22-10-2020
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Explain the difference between the unadjusted and the adjusted trial balance. Multiple choice question. The adjusted trial balance is prepared after adjusting entries have been recorded and posted. The unadjusted trial balance is more up to date than the adjusted trial balance. The unadjusted trial balance is more accurate and should be used to prepare financial statements. The adjusted trial balance contains only the accounts which were adjusted. The unadjusted trial balance contains all of the remaining accounts.

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Zviko Zviko · Answer 1 · 2020-10-22T16:30:45+02:00

Zviko Zviko

22-10-2020

Answer:

The adjusted trial balance is prepared after adjusting entries have been recorded and posted.

Explanation:

Only the adjusted trial balance is accurate and more up to date than an unadjusted trial balance and must be used to prepare financial statements.

The adjusted arise from the end of reporting period adjustment such as inventory valuation and errors that might have been identified during the reporting period.

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andromache andromache · Answer 2 · 2022-01-27T12:27:21+01:00

The adjusted trial balance is prepared after adjusting entries have been recorded and posted.

The following information should be considered:

Only the adjusted trial balance is correct and more up to date as compared to the unadjusted trial balance and must be used to prepare financial statements.
The adjusted arise from the end of reporting period adjustment like as inventory valuation and errors.

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