- Trending Categories
Data Structure
Networking
RDBMS
Operating System
Java
iOS
HTML
CSS
Android
Python
C Programming
C++
C#
MongoDB
MySQL
Javascript
PHP
Physics
Chemistry
Biology
Mathematics
English
Economics
Psychology
Social Studies
Fashion Studies
Legal Studies
- Selected Reading
- UPSC IAS Exams Notes
- Developer's Best Practices
- Questions and Answers
- Effective Resume Writing
- HR Interview Questions
- Computer Glossary
- Who is Who
What is difference between trail balance and adjusted trail balance?
The major differences between trail balance and adjusted trail balance are as follows −
Trail balance
Ledger account balance complied without any period-end adjustments.
It is prepared first.
It is account balances.
To check the arithmetical accuracy of ledger.
Checkbooks of accounts are balanced.
It is less accurate.
Only one version prepared.
It is prepared in columnar format.
Adjusted trail balance
It is compiled after necessary adjustments are made at the close of the accounting period.
It is prepared after the unadjusted trail balance is prepared.
It includes necessary adjustments.
To check the accounting accuracy of the books of accounts.
Adjustments are made according to accounting standards and principles.
It is more accurate.
It can have multiple versions.
It has a columnar format with additional columns for adjustments.
- Related Articles
- What is difference between trail balance and balance sheet?
- What is difference between trail balance and general ledger?
- Prepare vertical balance sheet for the following trail balance.
- Identify the errors and prepare the corrected trail balance.
- What is adjusted trial balance?
- What is difference between consolidate balance sheet and balance sheet?
- What is the difference between Beam balance and Electronic balance?
- Difference Between Balance of Trade and Balance of Payment
- What is difference between balance sheet and income statement?
- What is difference between cash flow statement and balance sheet?
- What is difference between fund flow statement and balance sheet?
- Using the below trail balance, prepare income statement for the start-up company ABC as on 31st April XXXX
- Given an example for adjusted trial balance
- Distinguish between trial balance and balance sheet
- How are entries recorded in adjusted trial balance?
