At the end of each accounting period, a business makes adjustments to certain accounts to update its records before preparing its financial statements. An unadjusted trial balance is a chart that ...

Investopedia / Joules Garcia Preparing a trial balance for a company serves to detect ... and interviews with industry experts. We also reference original research from other reputable publishers ...

Throughout the year, transactions will increase and decrease the balance sheet accounts. At the end of the year, accountants make adjusting entries and prepare the adjusted trial balance -- a ...