Which of the Following Statements About an Adjusted Trial Balance

question 82

Multiple Choice

Which of the following statements about an adjusted trial balance is true?

• A)Debits should equal credits both before and after adjustments are made.
• B)Debits will equal credits after adjustments are made but not necessarily before.
• C)Debits will equal credits before adjustments are made but not necessarily after.
• D)Debits do not have to equal credits in the trial balance but they will in the income statement.

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Definitions:

Similarity

The state of being alike or sharing common features, often leading to attraction or cohesion in social relationships.

Self-Serving Bias

A common tendency to attribute one's successes to personal characteristics and failures to external factors.

Situational Attribution

The process of attributing a person's behavior to external or environmental factors, rather than to internal dispositions.

Self-Fulfilling Prophecy

A belief or expectation that influences a person to act in ways that cause the belief to become true.