Asked Jan 14, 2020

What is an unadjusted trial balance? An adjusted trial balance?


Expert Answer

Step 1

A trial balance is the summary of all the ledger accounts. The trial balance is prepared to check the total balance of the debit column with the total of the balance of the credit column, which must be equal. The trial balance is usually prepared to check accuracy of ledger balances, and before the preparation of financial statements.

Step 2

The unadjusted trial balance is the summary of all the ledger accounts that a...

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