Which of the following statements about an adjusted trial balance is true?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 13Q: What is the difference between the trial balance and the adjusted trial balance?
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the follówing statements about an a...
Which of the following statements about an adjusted trial balance is true?
Transcribed Image Text:the follówing statements about an a... Which of the following statements about an adjusted trial balance is true?
Debits will equal credits before adjustments are made but not necessarily after.
Debits should equal credits both before and after adjustments are made.
Debits will equal credits after adjustments are made but not necessarily before.
Debits do not have to equal credits in the trial balance but they will in the income statem
Transcribed Image Text:Debits will equal credits before adjustments are made but not necessarily after. Debits should equal credits both before and after adjustments are made. Debits will equal credits after adjustments are made but not necessarily before. Debits do not have to equal credits in the trial balance but they will in the income statem
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