To guarantee the accuracy and balance of the period-ending financial statements, the adjusted trial balance is finished.
What is prepared after the adjusting entries are entered?
At the conclusion of an accounting period, a trial balance is created, and adjusting entries are then made in your accounting journals.
The same as with any other accounting journal entry, adjusted entries are made in your accounting journals and then posted to the general ledger.
An adjusted trial balance is used to make sure that the total debits and total credits of all accounts are equal. It is a list of all the accounts with their adjusted balances.
The final financial statements are created using the corrected trial balance.
