A list of all accounts and their balances after updating account balances for adjusting entries is referred to as:
A)A trial balance.
B)An adjusted trial balance.
C)A post-closing trial balance.

Question

Quizplus · Accepted Answer

An adjusted trial balance is a list of all accounts and their balances after updating account balances for adjusting entries. A trial balance is simply a list of all accounts and their balances before any adjustments are made, while a post-closing trial balance is a list of all accounts and their balances after all closing entries have been made.

A List of All Accounts and Their Balances After Updating