Which of the Following Statements Is Not Correct

question 18

Multiple Choice

Which of the following statements is not correct?

• A)The audit trail should be used to trace data through the accounting records to find and correct errors.
• B)The balance of the owner's capital account on the adjusted trial balance will usually be different than that reported on the post-closing trial balance.
• C)The balance of the owner's capital account, as reflected on the post-closing trial balance, will match the amount reported on the income statement.
• D)If the post-closing trial balance does not balance, there are errors in the accounting records.

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Definitions:

Regular Exercise

Engaging in physical activities on a consistent basis to improve or maintain one's physical fitness and overall health.

High Levels

A term that indicates a greater than average quantity, intensity, or degree in a given context.

Team Sports

Sports that involve players working together towards a common objective, typically involving competitive play against another team.

Organized Sports

structured physical activities, usually competitive, that are governed by a set of rules and organized by leagues, clubs, or associations.