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:

Personality Traits

Enduring characteristics that describe an individual’s consistent behaviors, thoughts, and feelings.

Cultural Context

The social, historical, and cultural setting that influences an individual's perceptions, behaviors, and understanding of the world.

Collective Self-esteem

The aspect of an individual's self-esteem derived from their identification with and feelings towards their social groups.

Self-esteem

The evaluation or opinion one holds about oneself, encompassing feelings of worthiness, competence, and self-respect.