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A schedule listing account balances for the current and previous years, and columns for adjusting and reclassifying entries proposed by the auditors to arrive at the final mount that will appear in the financial statement, is referred to as a: _______.
A) Working trial balance.
B) Lead schedule.
C) Summarizing schedule.
D) Supporting schedule.

Respuesta :

Answer:

a. Working trial balance.

Explanation:

Working trial balance -

It refers to as the balance sheet , which is on the stage of any alterations , is referred to as working trial balance .

It is not the final balance sheet and hence various changes can be done , like adding and subtracting many entries .

The advantage of a working trial balance is to test the complete set of entries in order to find the effect on the financial statements .

Hence , from the given information of the question ,

The correct answer is a. Working trial balance.

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