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Adjusted Trial Balance
A statement showing all balances of ledger accounts after adjustments, used to prepare financial statements.
Adjustments Column
A column in journals or ledgers where adjustments are made to correct or update account balances before the preparation of financial statements.
Unadjusted
Refers to figures or entries that have not been modified to reflect adjustments, corrections, or changes.
Adjusted
Adjusted generally refers to alterations made to financial statements or data to correct for discrepancies or to account for extraordinary events.
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