what is the purpose of preparing an adjusted trial balance? multiple choice question. to ensure that all transactions have been recorded to ensure that total debits equal total credits after the adjustments have been recorded to ensure that the correct accounts have been adjusted to ensure that there have been no errors in recording the transactions

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Zoeyyyyyy1247 Zoeyyyyyy1247

11-10-2022
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what is the purpose of preparing an adjusted trial balance? multiple choice question. to ensure that all transactions have been recorded to ensure that total debits equal total credits after the adjustments have been recorded to ensure that the correct accounts have been adjusted to ensure that there have been no errors in recording the transactions

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rafikiedu02 rafikiedu02 · Answer 1 · 2022-10-18T05:30:55+02:00

The purpose of preparing an adjusted trial balance to ensure that total debits equal total credits after the adjustments have been recorded.

A trial balance is a financial report that shows the closing balances of all accounts in your general ledger at a point in time. Creating a trial balance is the first step towards closing the books at the end of the accounting period.

There are three types of Trial Balance: Unadjusted Trial Balance, Adjusted Trial Balance, and Post-Closing Trial Balance. Each is used at different stages of the billing cycle.

A ledger is an account-by-account summary of business transactions recorded in a journal. A mock trial Balance sheet is a statement produced at the end of a fiscal year to show the debit or credit balances of all general ledger accounts.

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