Which of the following trial balances shows account balances that incorporate current year deferrals and accruals?

A) Adjusted trial balance.

B) Final trial balance.

C) Unadjusted trial balance.

D) Cash-basis trial balance.

Answer: A

The adjusted trial balance should be prepared ________ the financial statements are prepared in order to prove the ________ of the debits and credits.

A) after; equality

B) before; accuracy

C) before; equality

D) after; accuracy

Answer: C