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The trial balance is just that, a "trial" balance. It shows where the company stands at a certain point in time. the "adjusted trial balance" does the same thing with one slight difference, it's the balance after all adjusting entries are made. These entries may include, the expiration of pre-paid insurance, payments received and the closing of the books for the period.
For example, you can begin your month with a trial balance, to ensure everything is correct, at the end of the month you have made all your adjusting entries and transactions, after this point you want to have your adjusted trial balance (because entries have been "adjusted" for the period)
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What is the major difference between the Unadjusted Trial Balance and the Adjusted Trial Balance?
Adjusting entries are recorded in the adjusted Trial Balance. The adjusted entries may be accrued revenues that are not recorded but earned and accrued expenses that include wages, commissions, interest, etc.
What is the major difference between unadjusted trial balance and trial balance?
unadjusted will not have your final entries for that period. some of those entries may be accrued revenues or expenses, depreciation, and balancing entries. the adjusted balance is your final balance after all adjustments are made.
What is the major difference between finance and accounting?
The major difference between finance and accounting is that, accounting is general, deals with all economic facts that occur throughout the financial year, financial is specific deals only with finances
What are the major subdivisions of the stockholder's equity section of the balance sheet?
major subdivisions of the stockholders' equity section of a corporate balance sheet
The similarities and differences between standards and budgets?
One similarity between standards and budgets is they are both predetermined costs. A major difference is that companies can report inventories using standard costs but not budget costs.
What is the major difference between the Unadjusted Trial Balance and the Adjusted Trial Balance?
Adjusting entries are recorded in the adjusted Trial Balance. The adjusted entries may be accrued revenues that are not recorded but earned and accrued expenses that include wages, commissions, interest, etc.
What is the major difference between unadjusted trial balance and trial balance?
unadjusted will not have your final entries for that period. some of those entries may be accrued revenues or expenses, depreciation, and balancing entries. the adjusted balance is your final balance after all adjustments are made.
What is a major difference between the xia and shang dynasties?
The major difference is by sues
A major difference between Calvinism and Lutheranism relates to?
The major difference between the two relates to the emphasis on predestination.
What was the Main use of sheep by early colonist in US?
Describe the major difference between sheep's and goats
What is the major difference between vertebrates and non-vertebrates?
The major difference between vertebrates and invertebrates is that vertebrates have a back bone and invertebrates don't
What is the difference between gtp and gt?
The major difference is that the GTP is supercharged.
What was a major economical difference between the north and south?
the major economical difference between the north and the south is the north was based on manufacturing while south was agriculutural
What is a major significant difference between the sun and Jupiter?
The difference in mass
What is the major similarity and the major difference between cellular respiration and photosynthesis?
That it have cell
What is the major difference between rdbms and dbms?
The 'r'
What is the major difference between shale and sandstone?
permeability
