Which of the statements below is not true?

A) An adjusted trial balance can be used to prepare financial statements.
B) An adjusted trial balance proves the mathematical equality of debits and credits in the ledger.
C) An adjusted trial balance should show ledger account balances.
D) An adjusted trial balance is prepared before all transactions have been journalized

D) An adjusted trial balance is prepared before all transactions have been journalized

Explanation:

A Trial balance is a list or schedule that shows the list of balances extracted from the ledger in other to test the arithmetic accuracy of the account.

When a trial balance is not equal after its preparation, there would be a need to prepare an adjusted Trial balance.

Before preparing a trial balance, all transactions must have been journalized and posted to the ledger. Both cash transactions and credit transaction have their final destination in the ledger account and must be have been well prepared before a trial balance is prepared or adjusted as the case may be.

Hence   D) An adjusted trial balance is prepared before all transactions have been journalized is the best answer

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