Answer:
(C) An adjusted trial balance is prepared before all transactions have been journalized.
Explanation:
In trial balance, there are two columns namely debit columns and credit columns. The total of debit and credit columns should always be matched.
The debit columns records assets and expenses side
whereas, the credit column record revenue, stockholder equity, and the liability side.
Thus, It is used to prepare the financial statements, and show ledger accounts balance
Therefore, option C would be not true
