The spreadsheet is a. used to summarize the effects of adjusting entries. b. used to determine amounts recorded in the unadjusted trial balance. c. used to aid in preparing financial statements. d. used to determine net income or loss.

Question

Delaney Lucero

Business

23 March, 10:20

The spreadsheet is a. used to summarize the effects of adjusting entries. b. used to determine amounts recorded in the unadjusted trial balance. c. used to aid in preparing financial statements. d. used to determine net income or loss.

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General · Answer 1

b. used to determine amounts recorded in the unadjusted trial balance.

Explanation:

As we know that the trial balance contains two sections. The one section records the debit accounts like expenses, and the assets account while the other section records the credit accounts like liabilities and stockholder equity

And, the unadjusted trial balance is that which is prepared before passing the adjusting entries and for this, the spreadsheet is used.