When a worksheet is completed what balances are found on the general ledger?

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1119072

2026-05-09 14:50

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When a worksheet is completed, the general ledger reflects the final balances for each account after all adjustments have been made. This includes the adjusted trial balance, which shows the updated account balances that will be used for preparing financial statements. The general ledger also contains the final balances for assets, liabilities, equity, revenues, and expenses, ensuring that the accounting equation (Assets = Liabilities + Equity) is maintained. These balances represent the company's financial position at the end of the accounting period.

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