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:

Frequency

The rate at which something occurs over a particular period or in a given sample, often used in the context of waves or sound.

Kinesthetic

Relating to kinesthesia, the awareness of the position and movement of the parts of the body by means of sensory organs in the muscles and joints.

Audition

is the formal term for the sense of hearing, or the process by which sound waves are interpreted by the brain.

Papillae

Structures on the tongue that contain groupings of taste buds.