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    brownsfamily7's Avatar
    brownsfamily7 Posts: 1, Reputation: 1
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    #1

    Aug 12, 2008, 07:38 AM
    What is difference between unadjusted and adjusted trial balance?:
    Choose from the follwing: The difference between Unadjusted and adjusted trial balance is

    a. The adjusted trial balance will show the net income(loss) as an additional account.
    b. both will need to be in balance in order to continue with the end-of-period processing,
    c. the adjusted trial balance indludes the postings of the adjustjments for the period in the balance of the accts.
    d. The unadjusted trial balance will be used to record the adjustments for the period.
    albertonlibre's Avatar
    albertonlibre Posts: 1, Reputation: 1
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    #2

    Nov 5, 2010, 11:04 AM
    A
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #3

    Nov 5, 2010, 12:46 PM

    The correct answer is C.
    The adjusted trial balance shows the unadjusted trial balance plus any adjustments at the end of the period and is used to determine that your debits and credits still balance after the adjustments have been made.

    On an adjusted trial balance there is no net income (Loss) account. This account is on the Income Statement part of the Worksheet and is used to account for the difference between your debits and credits.
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