Adjusted Trial Balance
The Adjusted Trial Balance
What is the adjusted trial balance?
Adjusting entries close or adjust the ledger account balances so they are ready for the final reports to be prepared for the ‘balance day‘.
For this reason, adjusting entries are often called ‘balance day adjustments‘.
Following this stage, the adjusted trial balance and the financial reports are prepared.
Now view the infographic to see where the adjusted trial balance fits into the accounting process.
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