When Is a Trial Balance Usually Prepared

question 176

Multiple Choice

When is a trial balance usually prepared?

• A) after each entry is journalized
• B) before the financial statements are prepared
• C) after the financial statements are prepared
• D) at the beginning of an accounting period

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Definitions:

Confidentiality

The ethical or legal duty to keep certain information shared within a professional relationship private.

Anonymity

The state or quality of being anonymous, where an individual's identity is unknown or unacknowledged.

Research Participants

Individuals or entities that engage in a scientific study or experiment and contribute data through their actions, responses, or presence.