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

The adjusted and unadjusted trial balance format is not much different. It contains the same key information, including the name of the company, accounting period, account name, unadjusted balance, adjustment, and adjusted balance. The only difference between these two statements is that the adjusted trial balance contains shows the closing balance of accounts after adjustments

Definition: The adjusted trial balance is the statement that lists down all the closed account ledgers after making all of the adjustments. This is the final trial balance that use to prepare the financial statements. This statement is sometimes printed out with the financial statements and sometimes is not. It depends on the company’s practice.