Asked by
Lauren Makara
on Oct 28, 2024
Verified
Which of the following is a false statement about the unadjusted trial balance?
A) It is not a financial statement for external reporting purposes.
B) It provides data in a convenient form for preparing the adjusting entries and financial statements.
C) It provides a check of the equality of the debits and credits of the ledger accounts after transactions have been journalized and posted.
D) It provides a listing of balance sheet accounts only.
Adjusting Entries
Entries in accounting made at the period's end to assign earnings and costs to their respective actual periods.
- Comprehend the role of the trial balance in the accounting cycle and the preparation of financial statements.
Verified Answer
GL
Learning Objectives
- Comprehend the role of the trial balance in the accounting cycle and the preparation of financial statements.