So far, we have heard of the existence of three trial balances the unadjusted trial balance,

Question:

So far, we have heard of the existence of three trial balances – the unadjusted trial balance, the adjusted trial balance and the post-closing trial balance. Explain the purpose of each, and indicate the types of account balances that are contained in each.

Fantastic news! We've Found the answer you've been seeking!