Which Statement Is True About an Adjusted Trial Balance

question 116

Multiple Choice

Which statement is true about an adjusted trial balance?

• A)It is prepared before adjusting entries.
• B)Revenue accounts and expense accounts should not appear on the adjusted trial balance.
• C)Balance sheet items are presented before income statement items.
• D)Accumulated depreciation should equal depreciation expense.

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Definitions:

Promotion Cost

Expenses incurred to market and advertise a product, service, or brand to increase sales or awareness.

IMC Audit

A comprehensive evaluation of an organization's Integrated Marketing Communications tactics and strategies to ensure alignment with its goals and effectiveness in the market.

Promotional Mix

The combination of different marketing communication tools used by a company, such as advertising, public relations, and sales promotions, to achieve its marketing objectives.