Which of the complying with statements is incorrect concerning the adjusted trial balance?

a. An readjusted trial balance proves the equality of the full debit balances and also the complete credit balances in the ledger after all adjustments are made.

You are watching: Which of the following statements related to the adjusted trial balance is incorrect?

b. The adjusted trial balance offers the main basis for the preparation of financial statements.

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

d. The readjusted trial balance is ready after the adjusting entries have been journalized and also posted.

Jan 27 2021 12:23 PM

1 Apconfirmed Answer


Abha Ranswered on January 29, 2021
5Ratings,(14 Votes)
Answer: (c) The readjusted trial balance lists the account balances segregated by assets and also liabilities. This statement is incorrect because the trial balance...
s the account balances segregated by delittle bit and also credit balances of assets, liabilities, expenses and incomes.
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