CHAPTER 3 THE ADJUSTING PROCESS O Previous Page 7 of 9 Next

CHAPTER 3- THE ADJUSTING PROCESS O Previous Page 7 of 9 Next The adjusted trial balance is prepared O a. to verify tie equality of total debit and credit balances O b. to determine whether the balance sheet is in balance O c. to determine the net income or loss O d. for all of these reasons

Solution

Answer

A ) to verify the equality of total debit and credit balance

the adjusted trial balance is to verify the total of the debit balance in all accounts equal to

the total of all credit balance in all purposes