Question

In: Accounting

1. The trial balance will include a.the ending balance of each account. b.only the debits of...

1. The trial balance will include

a.the ending balance of each account.

b.only the debits of each account.

c.only the credits of each account.

2.

The unadjusted trial balance is prepared

a.prior to determining the account balance in the ledger.

b.after the journal entries are posted.

c.prior to posting the journal entries.

d.only if errors are suspected.

d.only balance sheet accounts.

Solutions

Expert Solution

Answer- 1)- The trial balance will include- the ending balance of each account.

Explanation- A trail balance contains a proper list of all general ledger accounts totals. The debit balance of account shows in the debit column of the trail balance and credit balance of account will be shows in the credit column and each account shows a ending balance of such account.

2)- The unadjusted trial balance is prepared- after the journal entries are posted.

Explanation- A unadjusted trail balance can be prepared after all the necessary journal entries are posted to the respective ledger accounts.

ekkarill92 answered 1 year ago
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