What is a Post Closing Trial Balance?
A post-closing trial balance will show a list of all the account balances in the accounting records after closing entries have made.
At this stage all the temporary (income and expenditure) accounts will be zero, and the post closing trial balance should only contain balance sheet (permanent) accounts, including the retained earnings account. It’s purpose is to provide the openings balances for the the new accounting period.
For further information on the post closing trial balance see the Wikipedia definition.
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