Yes, a typical worksheet will contain trial balances. In fact, worksheets often have two trial balances:
A
trial balance, which has all your accounts with unadjusted figures, straight from their balances.
You would then go through and
adjust some accounts, such as prepaid (prepaid advertising, prepaid insurance), payables (superannuation payable, wages payable), bad debts expense...
An a
djusted trial balance, which you would use after you have gone through your ledger accounts and made any adjustments (end of the month processes, like balance day adjustments..
The headings in the Worksheet will often include:
Acct. No. | Account | Trial Balance | Adjustments | Adjusted Trial Balance | Income Statement | Balance Sheet |