Which of the Following Statements Is Correct

question 118

Multiple Choice

Which of the following statements is correct?

• A)Financial statements are prepared before adjustments to ensure that debits equal credits before beginning the adjustment process.
• B)Financial statements are prepared after adjustments to ensure that all accounts have been brought to their correct balance.
• C)Financial statements are prepared before adjustments to ensure that all accounts have been brought to their correct balance.
• D)Financial statements are prepared before adjustments to ensure that debits equal credits before concluding the adjustment process.