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An adjusted trial balance is prepared after the financial statements are completed. proves the equality of the total debit balances and total credit balances of
An adjusted trial balance
is prepared after the financial statements are completed. | ||
proves the equality of the total debit balances and total credit balances of ledger accounts after all adjustments have been made. | ||
is a required financial statement under generally accepted accounting principles. | ||
cannot be used to prepare financial statements. |
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