Question

What is the purpose of the adjusted trial balance? a.to verify that the debits and credits balance b.to verify that all of the adjusting entries have been posted c.to verify that the net income (loss) is correctly reported d.to verify that no adjusting journal entry has been omitted

Answer 1

Answer:

a.to verify that the debits and credits balance

Explanation:

In trial balance, there are two sections namely debit columns and credit sections. The total of debit and credit columns should always be matched and equaled  

The debit section records assets and expenses side whereas, the credit section records revenue, stockholder equity, and the liability side.  

Therefore, its purpose is to verify the debits and credits balance