Multiple Choice
Which statement is not correct?
A) the post-closing trial balance reports the ending balance of each account in the general ledger
B) one purpose of preparing the unadjusted trial balance is to ensure that debits equal credits
C) financial statements are prepared based on the unadjusted trial balance
D) the unadjusted trial balance reports control account balances but omits subsidiary ledger detail
Correct Answer:
Verified
Correct Answer:
Verified
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