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Any balance which is taken on trial basis from IS and BS for the purpose of accountability is called "Trial Balance". After making corrections, if required, to that balance is then termed as "Adjusted Trial Balance". -------------------------------------------------------------------------------------------------------- Was he right?
No.He was wrong
adjusted trial balaces are provisions, reservations and depretiations
An adjusted trial balance is a listing of the ending balances in all accounts after adjusting entries have been prepared. ... To be used to construct financial statements (specifically, the income statement and balance sheet; construction of the statement of cash flows requires additional information)