Question:Which of the following statements is incorrect concerning the adjusted trial balance? 

A An adjusted trial balance proves the equality of the total debit balances and credit balances in the ledger after all adjustments are made. 
B The adjusted trial balance provides the primary basis for the preparation of financial statements. 
C The adjusted trial balance lists the account balances segregated by assets and liabilities. 
D The adjusted trial balance is prepared after the adjusting entries have been journalized and posted. 

+ Answer
C 

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Mohammad Towhidul Islam

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