Post Closing Trial Balance

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.

Learn a new bookkeeping term

Random bookkeeping terms for you to discover.

Link to this page

Click in the box and paste the post closing trial balance definition link to your site.



Return to the Dictionary

Post Closing Trial Balance March 23rd, 2016Team

You May Also Like