Adjusted trial balance
Adjusted trial balance is a list of accounts and their balances after the company has made all adjustments.
An adjusted trial balance shows the balances of all accounts, including those that have been adjusted, at the end of an accounting period. Its purpose is to prove the equality of the total debit balances and the total credit balances in the ledger after all adjustments. The accounts in the adjusted trial balance contain all data that the company needs to prepare financial statements.
Category: Accounting & Auditing
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