Which of the Statements Below Is Not True

question 25

Multiple Choice

Which of the statements below is not true?

• A) An adjusted trial balance should show ledger account balances.
• B) An adjusted trial balance can be used to prepare financial statements.
• C) An adjusted trial balance proves the mathematical equality of debits and credits in the ledger.
• D) An adjusted trial balance is prepared before all transactions have been journalized.

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Definitions:

Procedural Rule

A rule that dictates the process or procedure of how legal matters are to be conducted.

Interpretive Rules

Regulations issued by administrative agencies to clarify and explain the meaning and intent of statutes they enforce.

Ad Testificandum Subpoenas

A legal document that orders a person to testify in court.

Duce Tecum Subpoenas

Legal orders requiring a person to bring documents or records to a court proceeding or deposition.