220k views
3 votes
The cash balance on the adjusted trial balance will be carried over to-----------

1 Answer

6 votes

Final answer:

The cash balance on the adjusted trial balance will be carried over to the balance sheet, which is a financial statement that shows the financial position of a company at a specific date.

Step-by-step explanation:

The cash balance on the adjusted trial balance will be carried over to the balance sheet.

The adjusted trial balance is prepared to ensure that all the accounts have correct balances after adjusting entries have been made. The cash balance on the adjusted trial balance represents the cash on hand and in bank accounts at the end of an accounting period.

When preparing the financial statements, the balance sheet is one of the primary financial statements that shows the financial position of a company at a specific date. The cash balance is reported as a current asset on the balance sheet.

User CaptSolo
by
8.5k points