Adjusted Trial Balance
Accounting glossary · Understand, connect, apply
An adjusted trial balance lists ledger balances after adjusting entries have been recorded and posted. It is used as a basis for preparing financial statements.
Example
After recording $100 of depreciation, Depreciation Expense and Accumulated Depreciation appear in the adjusted balances.
Remember the difference
It is a list of adjusted account balances, not a financial statement and not the adjusting journal itself.
Updated 3 November 2026. Examples are simplified for learning. Where a term depends on US law, IFRS, US GAAP or a historical rule, check the context explained above and the requirements relevant to your course.
Study references: OpenStax financial accounting and managerial accounting. For reporting requirements, consult the applicable IFRS Standards or FASB guidance. US tax terms should be checked against the relevant tax-year IRS instructions.
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