MC23 What is the difference between an unadjusted trial balance and an adjusted trial balance?
A. An unadjusted trial balance is prepared after the adjusting entries, while an adjusted trial balance is prepared before the adjusting entries.
B. An unadjusted trial balance includes only the permanent accounts, while an adjusted trial balance includes both the permanent and temporary accounts.
C. An unadjusted trial balance does not include adjusting entries, while an adjusted trial balance includes adjusting entries.
D. An unadjusted trial balance includes only the temporary accounts, while an adjusted trial balance includes both the temporary and permanent accounts.
Answer:C
MC23 What is the difference between an unadjusted trial balance and an adjusted trial balance?
A. An unadjusted trial balance is prepared after the adjusting entries, while an adjusted trial balance is prepared before the adjusting entries. B. An unadjusted trial balance includes only the permanent accounts, while an adjusted trial balance includes both the permanent and temporary accounts. C. An unadjusted trial balance does not include adjusting entries, while an adjusted trial balance includes adjusting entries. D. An unadjusted trial balance includes only the temporary accounts, while an adjusted trial balance includes both the temporary and permanent accounts.