Adjusted Trial Balance

Adjustments at the Balance Date and Preparation of Sole Proprietorship Financial Statements

MS: Imbangan Duga Terselaras · EN: Adjusted Trial Balance · ZH: 调整后试算表

Meaning

An adjusted trial balance is a trial balance prepared after all adjustments at the balance date have been taken into account, such as accrued and prepaid expenses, depreciation and the provision for doubtful debts. It confirms that total debits still equal total credits after the adjustments. It serves as the basis for preparing accurate financial statements.

Example

After Anggun Boutique records depreciation of RM2,000 and accrued rent of RM500, it prepares an adjusted trial balance. Both sides show equal totals, for example RM120,000 debit and RM120,000 credit.

Source: DSKP KSSM Prinsip Perakaunan Tingkatan 4

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