Once the adjusting entries are posted, the adjusted trial balance is prepared to
A) verify that the debits and credits are in balance
B) verify that the net income correctly flows into the statement of owner's equity from the income statement
C) verify that the net income (loss) is correct for the period
D) verify the correct flow of accounts into the financial statements

Question

Quizplus · Accepted Answer

The adjusted trial balance is prepared to ensure that the total debits equal total credits after adjusting entries, confirming that the ledger is in balance.

Once the Adjusting Entries Are Posted, the Adjusted Trial Balance