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Which of the following is incorrect regarding a trial balance? A trial balance is useful in the preparation of financial statements. It proves that the
Which of the following is incorrect regarding a trial balance?
A trial balance is useful in the preparation of financial statements.
It proves that the company has recorded all transactions.
It proves that the debits equal the credits after posting.
A trial balancofruncovers errors in journalizing and posting.
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Financial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th Edition
9781118560952, 1118560957, 978-0470239803
