Which of the following statements about the adjusted and post-closing trial balances is correct?
A) The adjusted trial balance is prepared after the financial statements to verify that the numbers are accurate.
B) The primary purpose of the post-closing trial balance is to see whether revenues are greater than expenses.
C) The post-closing trial balance is a check that the accounting records are still in balance after posting all closing entries to the accounts.
D) The post-closing trial balance debit column total is the amount to be shown as Total Assets on the Balance Sheet.
Correct Answer:
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