Adjusted Trial Balance Example

An inexperienced book-keeper has drawn up an Incorrect and Unadjusted Trial Balance, You are required to Correct Trial Balance, Pass Adjusting Entries and then prepare Adjusted Trial Balance.

adjusted trial balance


  1. Rent received includes a deposit of Rs. 1,000 refundable to shop-keeper when the premises are vacated (Credit Unearned rent).
  2. Out Standing Salary of manager on December 31, 2015 is Rs. 1,500.
  3. Inventory in the shop on December 31, is Rs. 60,000.
  4. Insurance Expense for the period July 1, 2015 to June 30, 2016.

Solution 1: Corrected Trial Balance

adjusted trial balance example


Solution 2: Adjusted Entries


an adjusted trial balance

Solution 3: Adjusted Trial Balance


what is an adjusted trial balance


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Mukharji, A., & Hanif, M. (2003). Financial Accounting (Vol. 1). New Delhi: Tata McGraw-Hill Publishing Co.

Narayanswami, R. (2008). Financial Accounting: A Managerial Perspective. (3rd, Ed.) New Delhi: Prentice Hall of India.

Ramchandran, N., & Kakani, R. K. (2007). Financial Accounting for Management. (2nd, Ed.) New Delhi: Tata McGraw Hill.