Trial Balance vs Adjusted Trial Balance (Quick Explanation) #TrialBalance #AdjustedTrialBalance
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Trial Balance vs Adjusted Trial Balance (Quick Explanation) #TrialBalance #AdjustedTrialBalance
Accounting students often mix up the trial balance and the adjusted trial balance. Here’s the simple difference: • Trial Balance – created before adjusting entries • Adjusted Trial Balance – created after adjusting entries Financial statements are prepared using the adjusted trial balance, because it includes accruals, deferrals, and ...
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