An Adjusted Trial Balance Should Be Prepared Before the Adjusting

question 80

True/False

An adjusted trial balance should be prepared before the adjusting entries are made.

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Definitions:

Data

Information collected for reference or analysis, often numerical, that can be used for calculation and statistical study.

Equal

Describes the state of being the same in quantity, size, degree, or value.

Mean

The average of a set of numerical values, calculated by adding them all up and dividing by the number of values.

Equal

Having the same value, quantity, measure, or meaning as another; identical in magnitude or degree.