Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 4 - Accrual Accounting Concepts - Questions: 23

Answer

The financial statement can be prepared directly from the adjusted Trail Balance.

Work Step by Step

Because adjusted trial balance is a list of accounts and their balances after all adjustments have been made.
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