The adjusted trial balance combines the trial balance items with the adjusting entries to determine the adjusted balances.

Name: The adjusted trial balance combines the trial balance items with the adjusting entries to determine the adjusted balances.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. The purpose of the adjusted trial balance is to show the final balances of all accounts, after adjusting entries have been made, in preparation for the creation of the financial statements.

The Adjusted Trial Balance Combines the Trial Balance Items with the Adjusting