Accounting cycles

General Accounting Principles

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The trial balance which is prepared after the adjustment of outstanding expenses, prepaid expenses & depreciation is termed as

Unadjusted trial balance

Adjusted trial balance

Financial trial balance

None of the above

Explanation:

Any errors identified are corrected, and other adjustments are made to ensure the record-keeping is in line with accounting standards.
At this point the trial balance is known as the adjusted trial balance and the financial statements are prepared.

By: Munesh Kumari

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