Which document shows all account balances after adjustments have been made?

Which document shows all account balances after adjustments have been made?

• A. The General Ledger
• B. The Adjusted Trial Balance
• C. The Unadjusted Trial Balance
• D. The General Journal

Answer: (B)

After making adjusting entries, you need a single listing that shows every account with its updated balance and verifies that total debits equal total credits. That document is the Adjusted Trial Balance. It reflects all changes from the adjusting entries and is used to prepare the financial statements (income statement and balance sheet). The General Ledger contains the detailed balances for each individual account after postings, but it’s a ledger, not one consolidated summary. The Unadjusted Trial Balance shows balances before adjustments, while the General Journal records the original entries before they’re posted to the ledger.

After making adjusting entries, you need a single listing that shows every account with its updated balance and verifies that total debits equal total credits. That document is the Adjusted Trial Balance. It reflects all changes from the adjusting entries and is used to prepare the financial statements (income statement and balance sheet).

The General Ledger contains the detailed balances for each individual account after postings, but it’s a ledger, not one consolidated summary. The Unadjusted Trial Balance shows balances before adjustments, while the General Journal records the original entries before they’re posted to the ledger.