Multiple Choice
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.
Correct Answer:
Verified
Correct Answer:
Verified
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