The adjusted trial balance includes all accounts contained in the ledger with updated, adjusted balances.

Name: The adjusted trial balance includes all accounts contained in the ledger with updated, adjusted balances.
Brand: Quizplus
Rating: 4.9 (52 reviews)

Question

Quizplus · Accepted Answer

The adjusted trial balance includes all accounts from the ledger, reflecting their balances after adjustments have been made for any accruals, deferrals, depreciation, and other necessary adjustments prior to preparing financial statements.

The Adjusted Trial Balance Includes All Accounts Contained in the Ledger