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ee What\'s Hot e WildTangent Games Calculator-mi What is the purpose of the adjusted trial balance? Oa. to verify that the debits and credits balance b to verify that all of the adjusting entries have been posted Oc. to verify that no adjusting journal entry has been omitted d. to verify that the net income (loss) is correctly reported

Solution

The answer is Option a. i.e.to verify that the debits and credit balances. An adjusted trial balance is a listing of all company accounts that will appear on the financial statements after year-end adjusting journal entries have been made.The purpose of of the adjusted trial balance is to be certain that the total amount of debit balances in the general ledger equals the total amount of credit balances.