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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Definitions:

Functional Areas

Distinct segments of a business or organization, each focusing on a specific aspect of operations, such as marketing, finance, or human resources.

Marketing Goals

Objectives that a company aims to achieve through its marketing efforts, often involving sales, market share, and customer engagement targets.

Needed Resources

The essential materials, capital, human resources, and technology required for the execution of a project or the operation of an organization.

Strategic Planning

Strategic planning is the process of defining an organization's direction and making decisions on allocating its resources to pursue this direction.