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:

Goldsmith

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