What is the name of the document that lists all account balances after adjustments have been made?

The Adjusted Trial Balance is the correct name for the document that lists all account balances after adjustments have been made. This document is crucial in the accounting cycle, as it reflects the balances of all accounts after correcting entries have been applied for any errors or adjustments that need to be taken into account before the financial statements are prepared. The purpose of the Adjusted Trial Balance is to ensure that the total debits equal the total credits, maintaining the fundamental principle of double-entry accounting.

In preparation for financial reporting, this document serves as a foundation for creating accurate financial statements, such as the income statement and balance sheet, ensuring that all relevant financial information is correctly captured and reported. By summarizing the effects of all adjustments in one document, accountants can confirm that the accounts are presented in a true and fair manner, ready for analysis and decision-making.

Other document options, like the Preliminary Trial Balance and the Unadjusted Trial Balance, serve as earlier stages in the accounting process. The Unadjusted Trial Balance lists account balances before any adjustments, while the Preliminary Trial Balance may refer to the initial testing of account balances. A Financial Summary represents a more general overview and does not specifically focus on the account balances following adjustments. Thus, the focus on adjustments makes