Trial balance normally lists down all closing account balances in debit and credit depending on the nature of accounts. For example, assets are posted in debit, and liabilities are posted on the credit side of the trial balance.

Unadjusted trial balance list down all the closing balances before the adjustment and adjusted trial balance list down all closing accounts after adjusting. Trial balance is prepared to assist the accountant in detecting double entry errors and assist the accountant in prepare financial statements.

The following is the example of unadjusted and adjusted trial balance:

Example of adjusted trial balance:

Example of unadjusted trial balance:

Key difference:

These two statements are almost the same. It shows the company name, accounting period, account name, and the amount in debit or credit. The main difference is that the adjusted trial balance is already taken into account while the unadjusted trial balance is not.

These two statements are sometimes required to print out along with the financial statements and sometimes not. Generally not required to print.

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