Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 4 - Accrual Accounting Concepts - Questions: 25

Answer

Adjusted trial balance shows the balance of all the accounts, including those adjusted, at the end of the accounting period.

Work Step by Step

This is prepared after a company has prepared Journal entries of al the adjustments and posted them in the ledger. The adjusted trial balance is there to prove the equality of debits balances and the total credits balances in the ledger after all adjustment.
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