Why does a company use an adjusted trial balance as opposed to a post closing trial balance

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Why does a company use an adjusted trial balance as opposed to a post closing trial balance to start preparing financial statements. Discuss in details.

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Financial Accounting Information For Decisions

ISBN: 9781260705584

10th Edition

Authors: John J. Wild

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Posted Date: Apr 29, 2024 07:50 AM

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Why does a company use an adjusted trial balance as opposed to a post closing trial balance

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A company uses an adjusted trial balance rather than a postclosing trial balance to start preparing financial statements for several key reasons Adjus... View the full answer

Financial Accounting Information For Decisions

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