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

Question

Quizplus · Accepted Answer

An adjusted trial balance is prepared after adjustments have been recorded in the general journal and posted to the accounts in the general ledger. It lists all accounts with their adjusted balances to ensure that total debits equal total credits before preparing the financial statements. Therefore, option D is the correct answer.

A Trial Balance Prepared After Adjustments Have Been Recorded Is