The Balances for Each Account Reported on an Unadjusted Trial

question 64

True/False

The balances for each account reported on an unadjusted trial balance are determined by adding the amounts on the "+" side and subtracting the amounts on the "-" side of each ledger or T-account.

---

Definitions:

Operating Segments

Parts of an enterprise that engage in business activities from which it may earn revenues and incur expenses, often reported separately in financial disclosures for analysis.

Reportable

Refers to information or data that must be disclosed or presented officially, often within financial statements or to regulatory bodies.

Reportable Segments

Portions of a business that can be separated for analysis and reporting purposes, typically based on certain criteria like products, services, or geographic locations.