Which of the Following Statements About an Adjusted Trial Balance

question 82

Multiple Choice

Which of the following statements about an adjusted trial balance is true?

• A)Debits should equal credits both before and after adjustments are made.
• B)Debits will equal credits after adjustments are made but not necessarily before.
• C)Debits will equal credits before adjustments are made but not necessarily after.
• D)Debits do not have to equal credits in the trial balance but they will in the income statement.

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Definitions:

Medical Services

Healthcare activities provided by professionals to maintain, restore, or improve individuals' health.

Health-Care Expenditures

The financial resources spent on medical services and health care by individuals, organizations, or governments.

Medical Technology

The application of scientific knowledge and resources to improve health, diagnose and treat diseases, and enhance patient care.

Medicare

A federal health insurance program in the United States primarily for people who are 65 or older, as well as for some younger people with disabilities or certain diseases.