Which of the following statements regarding the presentation of a trial balance is correct?
A)The adjusted trial balance shows the end-of-year balance for Retained Earnings.
B)An adjusted trial balance presents account balances in the same level of detail as in the presentation of the financial statements.
C)The order of accounts is assets,liabilities,stockholders' equity,dividends,revenues and expenses.
D)The adjusted trial balance shows all the debit and credit postings to all the ledger accounts.

Question

Quizplus · Accepted Answer

The adjusted trial balance lists accounts in the order of assets, liabilities, stockholders' equity, dividends, revenues, and expenses, which aligns with the presentation order in financial statements.

Which of the Following Statements Regarding the Presentation of a Trial