Which Statement Is Correct Concerning the Adjusted Trial Balance

question 152

Multiple Choice

Which statement is correct concerning the adjusted trial balance?

• A) An adjusted trail 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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