Which statement is incorrect concerning the adjusted trial balance?

(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.