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What is an adjusted trial balance?

What is  an adjusted trial balance?

After we make any adjusted entries, we will prepare adjusted trial balance. An adjusted trial balance is listing of all the account titles and balances in the general ledger after the adjusting entries.

The purpose of the adjusted trial balance is certain that the total amount of debit balances in the general ledger equals the total amount of credit balances. Adjusted trial balance is final step to prepare financial statements such as income statement, balance sheet, statement of cash flow etc.

Sample of all account types for trial balance are as follows:

 

ABC Company

Adjusted Trial Balance

December 31, 2017

Account Number Account Title Debit Credit
xxx Asset xxx
xxx Contra Asset xxx
xxx Equity xxx
xxx Contra Equity xxx
xxx Liability xxx
xxx Contra Liability xxx
xxx Revenue xxx
xxx Contra Revenue xxx
xxx Gain xxx
xxx Expense xxx
xxx Loss xxx
xxx Total xxx xxx

Note:

Total debit must equal total credit (Dr=Cr).

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