Accrual and adjusted trial balance

Assignment Help Financial Accounting

Reference no: EM133208276

1. Which of the following is an example of an accrual?

a. Payment of two years and quot; Insurance in advance

b. Salaries incurred but not yet paid

c. The purchase of office supplies

d. Tuition revenue collected in advance

2. An adjusted trial balance is prepared to

a. both test that the ledger is still in balance after the he accounts have been adjusted and facilitate preparation of the financial statements.

b. facilitate preparation of the adjusting entries.

c. facilitate preparation of the financial statements.

Reference no: EM133208276

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