What is Extended Trial Balance - Sample & Format Example

An Extended Trial Balance is an extension to Simple or Basic or Standard Trial Balance by adding the columns for Adjustments and two further columns for Income Statement and Balance Sheet Items Lists to show Closing Balances of Ledger Accounts after adjustments if created on any Accruals And Prepayments or any other accounts that need adjustments or need to be rectified or if there is any updates that required to make changes at the end of accounting period. So, this Trial Balance is a mixture of simple and Adjusted Trial Balance and hence it includes both Income Statement Items Lists i.e., Revenues And Expenses and Balance Sheet Items Lists that consists of Permanent Accounts (Assets, Liabilities & Equity).

Extended Trial Balance Sample / Format

There are 4 Parts that are involved in a Extended Trial balance. These are mentioned below:

1. Closing Unadjusted Trial Balances of All Types of Accounts

2. Adjustments, Accruals & Prepayments, Update, Rectification needed to be made to the Accounts

3. Income Statement Accounts’s balances that consist of Revenues and Expenses.

4. Balance Sheet Accounts’s balances that include Assets, Liabilities & Equity.

Below is the Sample Example of Extended Trial Balance Format of a Service Company:

In Computerized Accounting System, the Accounting Software like Quickbooks does the job automatically as it is already set by the software programmers to do such task while a human being needs to do it manually in order to prepare the extended trail balance if there is no computerized system at all.