The adjusted trial balance is prepared
A) after financial statements are prepared.
B) before the trial balance.
C) to prove the equality of total assets and total liabilities.
D) after adjusting entries have been journalized and posted.

Question

Quizplus · Accepted Answer

The adjusted trial balance is prepared after all adjusting entries have been journalized and posted to the accounts, and serves as a summary of all accounts with their adjusted balances. It is used to prepare the financial statements.

The Adjusted Trial Balance Is Prepared