asked 187k views
3 votes
100 POINTS PLEASE HELP When adjusting entries in accounting, an accountant will compare their analysis of the trial balance with what source?

A. the government
C. the general ledger
B. the CEO
D. GAAP

2 Answers

3 votes

Answer:

the correct answer is C, the general ledger.

Explanation:

When adjusting entries in accounting, an accountant will compare their analysis of the trial balance with the company's general ledger accounts. The general ledger is the master set of accounts that contains all the transactions of the company, including adjusting entries. Adjusting entries are made at the end of an accounting period to update the accounts and ensure that the financial statements accurately reflect the company's financial position and results of operations. These entries may involve accruals of revenue or expenses, prepayments, depreciation, or other adjustments. After making these entries, the accountant will compare the updated balances in the general ledger to the trial balance to ensure that they are accurate and balanced. Therefore, the correct answer is C, the general ledger.

answered
User Dominickdaniel
by
8.7k points
3 votes

Answer: i beleive it is the CEO

Explanation:

answered
User Dcsan
by
8.7k points
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