Which of the following statements about 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 on a trial balance is as follows: 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 trial balance lists the balance sheet permanent accounts first in the order of assets,liabilities,and stockholders' equity,and then the temporary accounts,dividends,revenues,and expenses.The adjusted trial balance shows the beginning (rather than ending)balance in Retained Earnings.Accounts are aggregated for financial statement reporting.The trial balance shows account balances only (rather than individual debit and credit postings).

Which of the Following Statements About the Presentation of a Trial