Examlex
Which of the following statements is FALSE about automatic tasks?
Unadjusted
Refers to figures or entries that have not been modified to reflect adjustments, corrections, or changes.
Adjusted
Adjusted generally refers to alterations made to financial statements or data to correct for discrepancies or to account for extraordinary events.
Final Trial Balances
Final trial balances are the summary listings of all the ledger accounts right after the closing entries are made at the end of an accounting period, essentially reflecting the balance of every account before the start of a new accounting period.
Adjustments
Modifications made in accounting records to reflect more accurate values or to record transactions not yet entered.
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