Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Explore our Q&A platform to find reliable answers from a wide range of experts in different fields. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Which of the following is not true regarding the flow of information from the adjusted trial balance on the end-of-period spreadsheet?

Sagot :

The revenue and expense account balances flow into the income statement.
jayilych4real

The correct statement about the flow of information from the adjusted trial balance on the end-of-period spreadsheet is A. The revenue and expense account balances flow into the income statement.

What is an Adjusted Trial Balance?

This refers to the general ledger balance after some changes have been done an account balance such as accrued expenses, depreciation, etc.

Therefore, we can see that from the complete information, the statement that is false about the adjusted trial balance on the end-of-period spreadsheet is option A because the revenue and expense account balances does not flow into the income statement.

The other options from the complete text are:

  • a. The revenue and expense account balances flow into the income statement.
  • b. The asset and liability account balances flow into the retained earnings statement.
  • c. The revenue and expense account balances flow into the retained earnings statement.
  • d. The retained earnings and dividends account balances flow into the balance sheet.


Read more about adjusted trial balance here:

https://brainly.com/question/14476257

#SPJ6

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.