When Is the Adjusted Trial Balance Prepared

question 90

Multiple Choice

When is the adjusted trial balance prepared?

• A) before adjusting journal entries are posted
• B) after adjusting journal entries are posted
• C) after the adjusting journal entries are journalized
• D) before the adjusting journal entries are journalized

---

Definitions:

Competition Bureau

A government agency responsible for enforcing antitrust or competition laws to prevent monopolistic practices and maintain fair competition in the market.

Sale of Goods Act

Legislation that governs the sale of goods, defining obligations, rights, and warranties between buyers and sellers.

Fit for Purpose

The standard that ensures a product or service meets its intended use and satisfies customer requirements.

Breach of Contract

The failure to perform any term of a contract, written or oral, without a legitimate legal excuse.