An Adjusted Trial Balance

question 9

Multiple Choice

An adjusted trial balance

• A)is prepared after the financial statements are completed.
• B)proves the equality of the total debit balances and total credit balances of ledger accounts after all adjustments have been made.
• C)is a required financial statement under generally accepted accounting principles.
• D)cannot be used to prepare financial statements.

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Definitions:

Steroids

A class of lipophilic compounds characterized by a core structure of four fused carbon rings, varying by the functional groups attached and serving in various biological roles.

Sesquiterpene

A class of terpenes that consist of three isoprene units and have the molecular formula C15H24.

Steroid

A type of organic molecule with a characteristic molecular structure containing four rings of carbon atoms (three six-membered and one five-membered).

Terpenes

A large and diverse class of organic compounds, produced by a variety of plants, characterized by their strong smell and used in a wide range of applications, including perfumes and medicines.