To prove the equality of the debit and credit balances in the general ledger accounts after the closing entries have been journalized and posted,prepare the adjustments.

Question

Quizplus · Accepted Answer

The equality of debit and credit balances is proven by preparing a post-closing trial balance, not adjustments. Adjustments are made before closing entries to update account balances.

To Prove the Equality of the Debit and Credit Balances