Unadjusted vs Adjusted Trial Balance Video Lessons

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Problem: Which of the following statements is FALSE? A. A trial balance is prepared at the end of the month, after items have been posted to the general ledger. B. Journal entries are posted in the general journal, and then amounts are posted to the general ledger. C. The balance sheet is prepared first, then the income statement, then the statement of retained earnings. D. A trial balance ensures that all debits = all credits.

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Problem Details

Which of the following statements is FALSE?

A. A trial balance is prepared at the end of the month, after items have been posted to the general ledger.

B. Journal entries are posted in the general journal, and then amounts are posted to the general ledger.

C. The balance sheet is prepared first, then the income statement, then the statement of retained earnings.

D. A trial balance ensures that all debits = all credits.

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