Which of the following statements is incorrect concerning the readjusted trial balance?

a. An adjusted trial balance proves the etop quality of the full delittle balances and also the complete credit balances in the ledger after all adjustments are made.

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

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

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

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

Jan 27 2021 12:23 PM

1 Apconfirmed Answer


Abha R answered on January 29, 2021
5 Ratings, (14 Votes)
Answer: (c) The adjusted 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, costs and also incomes.
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