A document prepared to prove the equality of debits and credits after all adjustments have been prepared is the
A) adjusted statement of financial position.
B) adjusted trial balance.
C) adjusted financial statements.
D) post-closing trial balance.

Question

Quizplus · Accepted Answer

An adjusted trial balance is prepared to ensure that the total of all debits equals the total of all credits after all adjusting entries have been made. The other options refer to other financial statements or trial balances prepared at different stages of the accounting cycle.

A Document Prepared to Prove the Equality of Debits and Credits