Which report is constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the a

Question

RoseWind [281]

2 years ago

15

Which report is constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the a

ccounts balance?.

Business

1 answer:

White raven [17] · Answer 1 · 2023-03-21T18:06:35+03:00

The report that is constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance is called : Adjusted trial balance

<h3>What is an adjusted trial balance?</h3>

Adjusted trial balance is an account prepared that shows the arithmetic accuracy of the ledger. This balance list the general ledger account balances after any adjustments have been made.

An adjusted trial balance include:

Adjustment for prepaid and accrued expenses.
Depreciation

Therefore, an adjusted trial balance is a report, constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance.

Learn more about adjusted trial balance here: brainly.com/question/14274904