Which statement is incorrect concerning the adjusted trial balance? (a) An adjusted trial balance proves the equal-

Question:

Which statement is incorrect concerning the adjusted trial balance?

(a) An adjusted trial balance proves the equal- ity of the total debit balances and the total credit balances in the ledger after all ad- justments are made.

(b) The adjusted trial balance provides the pri- mary 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 af- ter the adjusting entries have been jour- nalized and posted.

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