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Home Interview Accounting and Finance Comments

  • Question
  • Financial statements are prepared from which trial balance?


  • Options
  • A. Unadjusted trial balance
  • B. Adjusted trial balance
  • C. Post- closing trial balance
  • D. None of the above

  • Correct Answer
  • Adjusted trial balance 

    Explanation

    Financial statements can be prepared from the Adjusted trial balance. A trial balance is a report containing list of all the general ledger accounts i.e, debits and credits contained in the ledger of a business. The types of trial balance include : Unadjusted trial balance, Adjusted trial balance and the Post- closing trial balance.

  • Tags: CAT, Bank Exams, AIEEE, Bank PO, Bank Clerk, Analyst

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