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the adjusted trial balance is used to verify that total debits equal total credits after account balances have been updated to reflect adjusting entries.

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Yes it's True the adjusted trial balance is used to verify that total debits equal total credits after account balances have been updated to reflect adjusting entries.

A trial balance is used to verify that total debits equal total credits. The adjusted trial balance is prepared after account balances have been updated to reflect adjusting entries

What is adjusting trial balance ?

The general ledger account balances are shown in an adjusted trial balance following any revisions. These changes often cover depreciation, prepaid expenses, accruing expenses, and other non-cash costs. It's that easy.

  • Although the adjusted account balances will be disclosed on the financial statements, the adjusted trial balance is not a financial statement. The entire amount of the debit balances must equal the total amount of the credit balances in both the adjusted trial balance and the unadjusted trial balance.

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