An adjusted trial balance
A) is prepared after the financial statements are completed.
B) proves the equality of the total debit balances and total credit balances of ledger accounts after all adjustments have been made.
C) is a required financial statement under generally accepted accounting principles.
D) proves that all adjusting journal entries have been made.

Question

Quizplus · Accepted Answer

An adjusted trial balance is prepared to prove the equality of the total debit balances and total credit balances in the ledger accounts after all adjustments have been made, ensuring that the accounting records are in balance before financial statements are prepared.

An Adjusted Trial Balance