Which of the statements below is not true? O An adjusted trial balance can be used to prepare financial statements. An adjusted trial balance should show ledger account balances. O An adjusted trial balance proves the mathematical equality of debits and credits in the ledger. O An adjusted trial balance is prepared before all transactions have been journalized.

Which of the statements below is not true? O An adjusted trial balance can be used to prepare financial statements. An adjusted trial balance should show ledger account balances. O An adjusted trial balance proves the mathematical equality of debits and credits in the ledger. O An adjusted trial balance is prepared before all transactions have been journalized.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements

Section: Chapter Questions

Problem 5QY: When preparing a trial balance, which of the following is correct? a. The purpose of the trial...

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