Question

The balances in the unadjusted columns of a worksheet will agree with: Multiple Choice the balances...

The balances in the unadjusted columns of a worksheet will agree with:

Multiple Choice

  • the balances reflected in the company's financial statements.

  • the balances reflected in the company's unadjusted trial balance.

  • whatever balances management has decided to report.

  • the balances in the company's post-closing trial balance.

  • the management of the balance budgeted for the accounting period.

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Answer #1

Option 2 -the balances reflected in the company's unadjusted trial balance.

Other options are incorrect because:

Option 1- the balances reflected in the company's financial statements. -

these are the balances in the post closing trial balance after all final entries are made.

Option 4- the balances in the company's post-closing trial balance.

These are the balances taken to prepare Financial Statements

Option 5- the management of the balance budgeted for the accounting period.

these are budget figures and not actual results

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