Which the the following statements is incorrect worrying the adjusted trial balance?

a. An adjusted trial balance proves the equality that the full debit balances and also the complete credit balances in the ledger after every adjustments space made.

You are watching: Which statement is correct concerning the adjusted trial balance?

b. The readjusted trial balance offers the primary basis for the preparation of financial statements.

c. The readjusted trial balance lists the account balances segregated by assets and liabilities.

d. The adjusted trial balance is prepared after the adjusting entries have actually been journalized and also posted.

Jan 27 2021 12:23 PM

1 authorized Answer


Abha Ranswered top top January 29, 2021
5Ratings,(14 Votes)
Answer: (c) The changed trial balance list the account balances segregated by assets and liabilities. This declare is incorrect since the trial balance...
s the account balances segregated through debit and credit balances that assets, liabilities, expenses and incomes.
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