DQ

Post a 150-200 - word response for each of the following (bulleted) questions:

• How would you explain the purpose of the adjusted trial balance to someone who knew nothing about it?

• Which of the following statements is incorrect concerning the adjusted trial balance?             Choose your answer and explain.
•        a. An adjusted trial balance proves the equality of the  total debit balances and the total credit balances in the ledger after all adjustments are made.
•        b. The adjusted trial balance provides the primary basis for the preparation of financial statements.
•        c. The adjusted trial balance lists the account balances segregated by assets and liabilities.
•        d. The adjusted trial balance is prepared after the adjusting entries have been      journalized and posted.

• When using search engines, do you normally use the first result or do you browse all of the options?