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
