Financial and Managerial Accounting Study Set 2
The Adjusted Trial Balance Facilitates the Preparation of the Financial
The adjusted trial balance facilitates the preparation of the financial statements.
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An adjusted trial balance must be prepared before the adjusting entries can be recorded.
An adjusted trial balance proves the balance of the ledger accounts after the adjusting entries have been posted.
An adjusted trial balance will probably list more accounts than are listed in the trial balance.
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