Question:

What is adjusted trial balance?

by Guest6433  |  11 years, 6 month(s) ago

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I want to start business ledger account.Can someone tell me what is adjusted trial balance?

 Tags: adjusted, Balance, trial

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2 ANSWERS

  1. James Augustus

    An adjusted trial balance includes a sequence of transactions that are placed to correct mistakes and reallocate values. A trial balance is a accomplished register of all of the general ledger accounts used to pathway enterprise undertaking and their values.

    The trial balance is utilized to conceive the earnings statement, balance sheet and cash flow documents. All these accounts pattern the economic declarations that are handed out to investors, financing businesses and enterprise owners.

  2. Guest1329
    I would go with 3., just because it would likely be in the audit or review stage when it was decided that not all of the funds collected were earned yet; i.e., some of the collections were deposits.

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