{"id":201487,"date":"2025-03-15T13:12:14","date_gmt":"2025-03-15T13:12:14","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=201487"},"modified":"2025-03-15T13:12:16","modified_gmt":"2025-03-15T13:12:16","slug":"the-trial-balance-prepared-after-all-adjustment-entries-have-been-journalized-and-posted-is-called-the","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2025\/03\/15\/the-trial-balance-prepared-after-all-adjustment-entries-have-been-journalized-and-posted-is-called-the\/","title":{"rendered":"The trial balance prepared after all adjustment entries have been journalized and posted is called the"},"content":{"rendered":"\n

The trial balance prepared after all adjustment entries have been journalized and posted is called the: <\/p>\n\n\n\n

A Post-closing trial balance <\/p>\n\n\n\n

B Unadjusted trial balance <\/p>\n\n\n\n

C General ledger <\/p>\n\n\n\n

D Adjusted trial balance<\/p>\n\n\n\n

The correct answer and explanation is :<\/strong><\/mark><\/p>\n\n\n\n

The correct answer is D) Adjusted trial balance<\/strong>.<\/p>\n\n\n\n

Explanation:<\/h3>\n\n\n\n

A trial balance<\/strong> is a financial statement that lists the balances of all accounts in the general ledger to ensure that debits and credits are equal. However, before preparing a financial statement, an adjusted trial balance is often necessary to incorporate all adjustments made after the unadjusted trial balance.<\/p>\n\n\n\n

    \n
  1. Unadjusted Trial Balance<\/strong>: This is the initial trial balance prepared before any adjustments are made. It reflects the balances of accounts directly from the general ledger, without considering end-of-period adjustments such as accrued expenses, depreciation, or revenues earned but not yet recorded.<\/li>\n\n\n\n
  2. Adjusted Trial Balance<\/strong>: After posting all necessary adjustment entries (for example, accrued revenues, accrued expenses, depreciation, etc.), an adjusted trial balance<\/strong> is prepared. It reflects the balances after these adjustments, ensuring that debits and credits still balance. This adjusted trial balance is the version used to prepare the financial statements<\/strong> (like the income statement, balance sheet, and statement of cash flows).<\/li>\n\n\n\n
  3. Post-closing Trial Balance<\/strong>: This is the trial balance prepared after<\/strong> the closing entries have been posted to the ledger, which occurs after the financial statements have been prepared. The purpose of the post-closing trial balance is to ensure that all temporary accounts (like revenues and expenses) have been closed out, and only the permanent accounts (assets, liabilities, and equity) remain.<\/li>\n\n\n\n
  4. General Ledger<\/strong>: The general ledger is a complete record of all the accounts used by a company. It includes the balances for assets, liabilities, equity, revenues, and expenses, but it is not the trial balance itself. The general ledger is the source from which a trial balance is created.<\/li>\n<\/ol>\n\n\n\n

    Thus, the adjusted trial balance<\/strong> is the correct answer because it is the trial balance prepared after all adjustment entries have been journalized and posted to the ledger.<\/p>\n","protected":false},"excerpt":{"rendered":"

    The trial balance prepared after all adjustment entries have been journalized and posted is called the: A Post-closing trial balance B Unadjusted trial balance C General ledger D Adjusted trial balance The correct answer and explanation is : The correct answer is D) Adjusted trial balance. Explanation: A trial balance is a financial statement that […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-201487","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/201487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=201487"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/201487\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=201487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=201487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=201487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}