VCE Accounting Unit 3

1. 14.8
PRE AND POST
ADJUSTED TRIAL
BALANCE

2. © Michael Allison, Trinity Grammar School.
Author’s permission required for external use
 Always read the title of the Trial Balance to see if it is “Pre” or “Post”
adjusted…
 Pre-adjusted – when balance-day adjustments have NOT been done
 Post-adjusted – when balance-day adjustments have been DONE
14.8 PRE AND POST ADJUSTED
TRIAL BALANCE
Smith & Co: Pre-Adjusted Trial Balance as at 31
March 2015
$ $
Cash at Bank 10000 GST Clearing 4000
Stock Control 25000 Creditors Control 7000
Wages 3000 Loan 10000
Rent 15000 Capital 32000
53000 53000
Smith & Co: Post-Adjusted Trial Balance as at
31 March 2015
$ $
Cash at Bank 10000 GST Clearing 4000
Stock Control 25000 Creditors Control 7000
Wages 3000 Loan 10000
Rent 15000 Capital 32000
53000 53000

3. © Michael Allison, Trinity Grammar School.
Author’s permission required for external use
 Whether the Trial Balance is “Pre” or “Post” adjusted impacts the reporting
 E.g. at 31 March accrued wages were $400
Smith & Co: Pre-Adjusted Trial Balance as at 31
March 2015
$ $
Wages 3000
Smith & Co: Post-Adjusted Trial Balance as at
31 March 2015
$ $
Wages 3000
Wages [E]
31/3 Bank 3000
Accrued Wages [L]
Wages [E]
31/3 Bank 3000
31/3 Accrued wages 400
Accrued Wages [L]
31/3 Wages 400
Wages [E]
31/3 Bank 3000
31/3 Accrued wages 400 31/3 P&L Summary 3400
3400 3400
Wages [E]
31/3 Bank 2600
31/3 Accrued wages 400
Accrued Wages [L]Accrued Wages [L]
31/3 Wages 400
Wages [E]
31/3 Bank 2600
31/3 Accrued wages 400 31/3 P&L Summary 3000
3000 3000
14.8 PRE AND POST ADJUSTED
TRIAL BALANCE

4. © Michael Allison, Trinity Grammar School.
Author’s permission required for external use
TASK
In-class Homework
SQ12 X
Ex14.10 X
Ex14.11 X
Ex14.12 X
Ex14.13 X