Which of the Following Statements Related to the Adjusted Trial

question 120

Multiple Choice

Which of the following statements related to the adjusted trial balance is incorrect?

• A) It shows the balances of all accounts at the end of the accounting period.
• B) It is prepared before adjusting entries have been made.
• C) It proves the equality of the total debit balances and the total credit balances in the ledger.
• D) Financial statements can be prepared directly from the adjusted trial balance.

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Definitions:

Logarithm

The exponent or power to which a base must be raised to yield a given number.

Inverse Function

A function that undoes the action of the another function, such that if the original function applied to an input gives an output, the inverse function applied to that output returns the original input.

Graph

A visual representation of data or mathematical functions, typically displayed as points, lines, or areas on a two-dimensional surface.

Inverse Function

A function that reverses the operation of another function, meaning if one function takes an input to an output, the inverse function takes that output back to the original input.