Which of the following statements about the unadjusted trial balance is not corr

Question

Which of the following statements about the unadjusted trial balance is not correct? You can assume that no errors were made in the recording of transactions if total debits equal total credits on the unadjusted trial balance. A trial balance lists every account name in one column, usually in the order of assets, liabilities, stockholders' equity, revenues and expenses. A trial balance is an internal report used to determine whether total debits equal total credits. A trial balance shows the ending balances obtained from the ledger listed in either the debit or credit column.

Explanation / Answer

Unadjusted trial balance is normally used for internal report to check whether total debits equal total credit. Trial balance always take ending balances from the ledger listed in either the debit or credit column.A trial balance lists every account name in one column, usually in the order of assets, liabilities, stockholders' equity, revenues and expenses.

so b,c,d is correct. Only a is not correct.

so answer is a) You can assume that no errors were made in the recording of transactions if total debits equal total credits on the unadjusted trial balance.

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