An adjusted trial balance should be prepared immediately:

Name: An adjusted trial balance should be prepared immediately:
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Question

Quizplus · Accepted Answer

An adjusted trial balance is prepared after posting adjusting journal entries, which are made at the end of the accounting period to update accounts that need adjustment, such as prepaid expenses or accrued revenue. The purpose of the adjusted trial balance is to ensure that the debits and credits are still in balance after the adjustments have been made.

An Adjusted Trial Balance Should Be Prepared Immediately