Which of the following statements about an adjusted trial balance is correct?
A)Debits should equal credits both before and after adjustments are made.
B)Debits will equal credits after adjustments are made but not necessarily before.
C)Debits will equal credits before adjustments are made but not necessarily after.
D)Debits do not have to equal credits in the adjusted trial balance but they must be equal in the post-closing trial balance.

Question

Quizplus · Accepted Answer

An adjusted trial balance is prepared to check that the accounting records are still in balance,after having posted all adjusting entries to the T-accounts.

Which of the Following Statements About an Adjusted Trial Balance