Unadjusted Trial Balance

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Unadjusted Trial Balance

In accounting, a record of the assets and liabilities of a company made during an accounting period before any mistakes are corrected or any other adjustments (such as unearned revenue or prepaid expenses) are calculated. The unadjusted trial balance contrasts with the adjusting journal entry, which includes these considerations.
References in periodicals archive ?
The pivot table eliminates the need for T-accounts; it can be used for unadjusted trial balances, pre-closing trial balances, and postclosing trial balances.
In about 11 days, a rough program using an electronic spreadsheet was developed to allow the accountants to enter unadjusted trial balances and the adjusting journal entries.
Their usefulness was limited by their inability to produce tailored financial statements and the requirement that, to use the posting capabilities, the CPA had to return to the office with unadjusted trial balance and journal entries in hand, get in line for computer time, and then wait for the system to post and print the entries.
These packages give the accountants the ability to key in an unadjusted trial balance, make journal entries, and have a tailored financial statement and tax return run on site.
Once the unadjusted trial balance has been entered, the laptop can assist with initial analytical review, showing the CPA which accounts seem to be statistically out of sync.