Which Statement Is Incorrect Concerning the Adjusted Tabular Summary

question 62

Multiple Choice

Which statement is incorrect concerning the adjusted tabular summary?

• A)An adjusted tabular summary proves the equality of the basic accounting equation after all adjustments are made.
• B)The adjusted tabular summary provides the primary basis for the preparation of financial statements.
• C)The adjusted tabular summary lists the account balances in order of their magnitude.
• D)The adjusted tabular summary is prepared after the adjustments have been recorded.

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