Respuesta :
The adjusted trial balance is prepared-b.to determine the net income or loss
To ascertain net income or loss, the income statement is prepared.
Prior to creating the balance sheet, the adjusted trial balance is created. Therefore, it is possible to tell whether or not the balance sheet will be balanced once it has been prepared.
According to the double entry system, every transaction contains two components. One involves receiving, while the other involves giving. As a result, the transaction is broken down into a credit or providing aspect and a debit or receiving element.
The two aspects are recorded to balance the transaction. As a result, the amount of debit and credit must always be equal.
To demonstrate whether the two totals are equivalent, a statement is created. This statement is called the trial balance. An unadjusted or adjusted trial balance is prepared to show that the total debit is equal to total credit.
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