Which of the following statements about the adjusted and post-closing trial balances is correct?
A. The post-closing trial balance debit column total is the amount to be shown as Total Assets on the Balance Sheet.
B. The primary purpose of the post-closing trial balance is to see whether revenues are greater than expenses.
C. The post-closing trial balance is a check that the accounting records are still in balance after posting all closing entries to the accounts.
D. The adjusted trial balance is prepared after the financial statements to verify that the numbers are accurate.
Answer: C
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