how-does-the-adjusted-trial-balance-contribute-to-the-preparation-of-financial-s

Question

How does the adjusted trial balance contribute to the preparation of financial statements?

Accepted Answer

It provides the final balances needed for the financial statements.

Answer

It lists all business transactions chronologically for the accounting period.

Answer

It determines the company's operating and investing cash flow activities.

Answer

It calculates net income directly without additional financial statement preparation.