Which of the Statements Below Is NOT True

question 143

Multiple Choice

Which of the statements below is NOT true?

• A) An adjusted trial balance should show ledger account balances.
• B) An adjusted trial balance can be used to prepare financial statements.
• C) An adjusted trial balance proves the mathematical equality of debits and credits in the ledger.
• D) An adjusted trial balance is prepared before all transactions have been journalized.

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Definitions:

Senate

The Senate is the upper house of a bicameral legislature in many countries, often responsible for passing laws, confirming appointments, and other governmental duties.

Bleeding Kansas

A series of violent political confrontations in the United States between 1854 and 1859 involving anti-slavery Free-Staters and pro-slavery "Border Ruffian" elements in Kansas Territory.

United States Senator

A member of the upper chamber of the U.S. Congress, elected to represent their state for a term of six years.

Democratic Party

One of the two major contemporary political parties in the United States, historically associated with progressive and liberal policies.