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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Scope of Authority

The range or extent of power given to an individual or entity to act on behalf of another or make decisions.

Unsafe Situations

Conditions or scenarios that pose a risk of injury or harm to people, property, or the environment.

Breach

The violation of a law, duty, or other form of obligation, including breaking a contract or agreement.

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A moral or legal obligation to perform an action or uphold a standard of behavior.