What critical purpose does the adjusted trial balance serve? A. It proves that transactions have been posted

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What critical purpose does the adjusted trial balance serve?
A. It proves that transactions have been posted correctly
B. It is the source document from which to prepare the financial statements
C. It shows the beginning balances of every account, to be used to start the new year’s records
D. It proves that all journal entries have been made correctly.

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Principles Of Accounting Volume 1 Financial Accounting

ISBN: 9781593995942

1st Edition

Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax

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