Which Statements About the Unadjusted Trial Balance Is Not Correct

question 215

Multiple Choice

Which statements about the unadjusted trial balance is not correct?

• A)An unadjusted trial balance is the same as a balance sheet.
• B)An unadjusted trial balance lists all the accounts with their current balances.
• C)An unadjusted trial balance can verify the equality of debits and credits.
• D)An unadjusted trial balance can be prepared at any point in time.

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Definitions:

Beneficiary

An individual or entity entitled to receive benefits or assets under a will, trust, insurance policy, or other financial instrument.

Statute Of Frauds

A legal principle requiring certain types of contracts to be in writing and signed by the party to be charged, to prevent fraud and perjuries.

Federal Laws

Laws enacted by the national government of a country, which apply to all citizens and entities within that nation's borders.

In Writing

A form of communication or documentation that is recorded on a physical medium or in digital format, providing a tangible or electronic record.