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Post-Closing Trial Balance

 
Business Dictionary: Post-Closing Trial Balance

Trial Balance after the Closing Entries have been recorded.

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Accounting Dictionary: Post-Closing Trial Balance
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One prepared from the general ledger for the end of the accounting period after preparing the closing entries. Since revenue and expense accounts have been closed out, the only accounts with balances are balance sheet accounts.

 
 

 

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Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Accounting Dictionary. Dictionary of Accounting Terms. Copyright © 2005 by Barron's Educational Series, Inc. All rights reserved.  Read more