Which of the Following Statements Related to the Adjusted Trial

question 68

Multiple Choice

Which of the following statements related to the adjusted trial balance is incorrect?

• A)It shows the balances of all accounts at the end of the accounting period.
• B)It is prepared before adjusting entries have been made.
• C)It proves the equality of the total debit balances and the total credit balances in the ledger.
• D)Financial statements can be prepared directly from the adjusted trial balance.

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Definitions:

Fixed Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.

Variable Ratio

A reinforcement schedule where the number of responses required to receive a reward varies, leading to high and consistent rates of response.

Salient

Something that stands out conspicuously or is most noticeable or important.

Preceding

Occurring or coming before something else in time or order.