A trial balance prepared after adjustments have been recorded is called a(n)
A)Income statement.
B)Summary trial balance.
C)Balance sheet.
D)Unadjusted trial balance.
E)Adjusted trial balance.

Question

Quizplus · Accepted Answer

An adjusted trial balance is prepared after adjustments have been made to the accounts at the end of an accounting period. It shows the updated balances of all accounts and is used to prepare financial statements such as the income statement and balance sheet. Therefore, the best choice is E, adjusted trial balance.

A Trial Balance Prepared After Adjustments Have Been Recorded Is