Which of the following statements is not correct?

Multiple Choice

The audit trial should be used to trace data through the accounting records to find and correct errors.

If the post closing trial balance does not balance, there are errors in the accounting records.

The balance of the owner's capital account on the adjusted trial balance will ordinarily be different than that reported on the post closing trial balance.

The balance of the owner's capital account, as reflected on the postclosing trial balance, will match the amount reported on the income statement.