Which Statement Is Correct Concerning the Adjusted Trial Balance

question 31

Multiple Choice

Which statement is correct concerning the adjusted trial balance?

• A)An adjusted trial balance eliminates the need for the preparation of financial statements.
• B)The purpose of an adjusted trial balance is to prove the equality of the total debit balances and the total credit balances in the ledger.
• C)An adjusted trial balance will contain only permanent-balance sheet-accounts.
• D)The adjusted trial balance is prepared after the adjusting entries have been journalized but before they have been posted.

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Definitions:

Stomach Muscles

Muscular structures in the abdomen involved in the mechanical digestion process, movement of food, and stabilization of the trunk.

Personal Injury

Physical harm or damage inflicted on a person’s body, not including property or reputation damage.

Kyphosis

A spinal condition characterized by an excessive outward curve of the spine, leading to a hunched posture.

Dehydration

A condition resulting from excessive loss of body water and electrolytes.