Adjusted Trial Balance

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August 31, 2024 4 min read Definitions
Adjusted Trial Balance: Comprehensive Accounting Tool
Accounting Finance Trial Balance Adjusted Trial Balance Accounting Adjustments Financial Statements Accruals Prepayments
An adjusted trial balance is a pivotal accounting tool reflecting a company's financial accuracy by incorporating necessary adjustments like prepayments and accruals. This refined financial summary plays a critical role in forming the basis for the profit and loss account and balance sheet.
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