Odd-man out: Select the word that does not belong to the group.Select one:a.Adjusted Trial Balanceb.Ledgerc.Unadjusted Trial Balanced.Post-Closing Trial Balance
Question
Odd-man out: Select the word that does not belong to the group.Select one:a.Adjusted Trial Balanceb.Ledgerc.Unadjusted Trial Balanced.Post-Closing Trial Balance
Solution
The word that does not belong to the group is "Ledger".
Here's why:
a. Adjusted Trial Balance - This is a list of the balances of ledger accounts which is created after the preparation of adjusting entries.
b. Ledger - This is a book or other collection of financial accounts.
c. Unadjusted Trial Balance - This is a list of the balances of ledger accounts which is created
Similar Questions
Odd-man out: Select the word that does not belong to the group.Select one:a.Statement of Cash Flowb.Income Statementc.Worksheetd.Balance Sheet
Odd-man out: Select the word that does not belong to the group.Select one:a.Accrued Interest Expenseb.Salaries Expensec.Cashd.Drawing
Odd-man out: Select the word that does not belong to the group.Select one:a.Sales Returnsb.Salesc.Sales Discountd.Purchase Discount
From the unadjusted balances, a trial balance is prepared that contains all the entries that should be reflected in the financial statements.Select one:TrueFalse
Odd-man out: Select the word that does not belong to the group.Select one:a.Insurance Expenseb.Doubtful Accountsc.Interest Expensed.Prepaid Rent Expense
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.