Which Statement Is incorrect Concerning the Adjusted Trial Balance

question 50

Multiple Choice

Which statement is incorrect concerning the adjusted trial balance?

• A)An adjusted trial balance proves the equality of the total debit balances and the total credit balances in the ledger after all adjustments are made.
• B)The adjusted trial balance provides the primary basis for the preparation of financial statements.
• C)The adjusted trial balance lists the account balances in order of their magnitude.
• D)The adjusted trial balance is prepared after the adjusting entries have been journalized and posted.

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Definitions:

Functional Structures

An organizational design that groups employees based on their roles or functions within the organization, such as marketing, finance, and human resources.

Mechanistic

Describes an organizational structure that is highly centralized and hierarchical, with clear lines of authority and a high degree of formalization in procedures and rules.

Differentiation

The process of distinguishing or setting apart entities or elements, often discussed in the context of product marketing or organizational performance.

Complexity

The state or quality of being intricate or complicated, often referring to systems with numerous parts that interact in dynamic and unpredictable ways.