What do you call a trial balance that is prepared after adjusting entries are posted?

An adjusted trial balance is prepared to ensure that the debits and credits are in balance after all necessary adjusting entries have been recorded. Adjusting entries are made at the end of an accounting period to recognize revenues and expenses that have occurred but have not yet been recorded in the accounts. The adjusted trial balance reflects these changes, providing an accurate picture of the company's financial position right before the financial statements are prepared.

This trial balance serves as a crucial step in the accounting cycle as it verifies the correctness of the ledger balances after adjustments, ensuring that totals remain equal. It is an important tool for accountants to confirm that all adjustments related to accrued or deferred items have been captured, thus enhancing the reliability of the financial statements that follow.