Question

Which statements about the unadjusted trial balance is not correct? A. An unadjusted trial balance is...

Which statements about the unadjusted trial balance is not correct?

A. An unadjusted trial balance is the same as a balance sheet.

B.An unadjusted trial balance can be prepared at any point in time.

C. An unadjusted trial balance lists all the accounts with their current balances.

D.An unadjusted trial balance can verify the equality of debits and credits.

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Answer #1

Answer The Correct Option is (A) An unadjusted trial balance is the same as a balance sheet.

Explanations The above statement holds incorrect because unadjusted trial is not same asa balance

sheet, it is the listing of general ledger account balances at the end of a reporting period.

unadjusted Trial Balance are carrying balances which are before any adjusting entries are

made to balances for creating Financial statement.

sheet, it is the listing of general ledger account balances at the end of a reporting period.

unadjusted Trial Balance are carrying balances which are before any adjusting entries are

made to balances for creating Financial statement.

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