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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
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 ProfileResourcesReport error
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