Questions: 1 2 3 4 5 6 7 8 9 10 11 12 v The adjusted trial balance a. does not have a date. b. is for a period of time. c. is prepared on a specific date. d. has dates for the beginning and ending of the period.

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The adjusted trial balance
a. does not have a date.
b. is for a period of time.
c. is prepared on a specific date.
d. has dates for the beginning and ending of the period.

Transcript text: PRE-TEST Problem \#4 of 21 \begin{tabular}{|c|} \hline 1 \\ \hline 2 \\ \hline 3 \\ \hline 4 \\ \hline 5 \\ \hline 6 \\ \hline 7 \\ \hline 8 \\ \hline 9 \\ \hline 10 \\ \hline 11 \\ \hline 12 \\ \hline$v$ \\ \hline \end{tabular} The adjusted trial balance a. does not have a date. b. is for a period of time. c. is prepared on a specific date. d. has dates for the beginning and ending of the period.

Solution

The answer is (c): is prepared on a specific date.

Explanation for each option: a. does not have a date: This is incorrect. The adjusted trial balance is prepared as of a specific date, reflecting the balances of all accounts after adjustments have been made. b. is for a period of time: This is incorrect. While financial statements like the income statement and statement of cash flows cover a period of time, the adjusted trial balance is a snapshot of account balances at a specific point in time. c. is prepared on a specific date: This is correct. The adjusted trial balance is prepared at the end of an accounting period, showing the balances of all accounts on that specific date. d. has dates for the beginning and ending of the period: This is incorrect. The adjusted trial balance does not cover a period but rather shows the balances as of a specific date.

Summary: The adjusted trial balance is prepared on a specific date, reflecting the account balances after adjustments have been made.

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