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I can't actually do on here for you, however I can explain what a Post Closing Trial Balance is and how to get one.
A Post Closing Trial Balance is a Trial Balance that is prepared only after all "closing" entries have been made to the Ledger and all adjustments have been made from the Journal, leaving only the permanent balance sheet accounts remain open. This is to check clerical accuracy and to prove that the accounting equation is in balance before the next accounting equation begins.
To make your PCTB simply take the balances from the permanent accounts and list the in the PCTB with the balances, listing assets first (debits) then liabilities, owners equity next (credits) and balancing the account.
What else can I help you with?
Is accumulared depreciation included in post closing trial balance?
Yes, it is typically credited on the Post-Closing Trial Balance.
What should the post closing trial balance is best prepared from?
The General Ledger provides all the information you need to prepare a Post Closing Trial Balance as well as a Trial Balance, etc. A post closing trial balance is a trial balance that is prepared "before" accounts are closed out for the accounting period, such as expenses, revenues, etc. Adjusting entries are made to the General Ledger from the Journal entries and then a PCTB is prepared using the information obtained in the Ledger.
Which account balance will change between the adjusted trial balance and the post closing trial balance?
The adjusted trial balance includes depreciation and other adjustments. This is the account balance that changes between the adjusted trial balance and the post closing trial balance.
What will be content of trial balance?
The contents of a trial balance will be your assets, liabilities, and equity accounts and all your ledger (temporary accounts). This is to check for accuracy in your ledger accounts and that your financial statements "balance out'. After you do your "trial balance" you then close your books for the year, closing all temporary accounts which include expenses and revenue (income). Once this is complete you prepare a Post-Closing Trial Balance (post-closing meaning "after closing"). This is to double check that all ledger accounts are closed properly and that your financial statements balance.
What does a post closing trial balance contain?
The post closing trial balance contains all accounts that are in the General Ledger, with the exception of any "closed accounts" such as revenue, expenses, etc.A post closing trial balance is created after all adjusting entries and closing has been done to the ledger.My first answer I answered with Trial Balance or Adjusted Trial Balance in mind, as stated above, Post Closing Trial Balance is filled out AFTER all expense, revenue, and other related accounts have been closed.
Is accumulared depreciation included in post closing trial balance?
Yes, it is typically credited on the Post-Closing Trial Balance.
What should the post closing trial balance is best prepared from?
The General Ledger provides all the information you need to prepare a Post Closing Trial Balance as well as a Trial Balance, etc. A post closing trial balance is a trial balance that is prepared "before" accounts are closed out for the accounting period, such as expenses, revenues, etc. Adjusting entries are made to the General Ledger from the Journal entries and then a PCTB is prepared using the information obtained in the Ledger.
Which account balance will change between the adjusted trial balance and the post closing trial balance?
The adjusted trial balance includes depreciation and other adjustments. This is the account balance that changes between the adjusted trial balance and the post closing trial balance.
What will be content of trial balance?
The contents of a trial balance will be your assets, liabilities, and equity accounts and all your ledger (temporary accounts). This is to check for accuracy in your ledger accounts and that your financial statements "balance out'. After you do your "trial balance" you then close your books for the year, closing all temporary accounts which include expenses and revenue (income). Once this is complete you prepare a Post-Closing Trial Balance (post-closing meaning "after closing"). This is to double check that all ledger accounts are closed properly and that your financial statements balance.
What does a post closing trial balance contain?
The post closing trial balance contains all accounts that are in the General Ledger, with the exception of any "closed accounts" such as revenue, expenses, etc.A post closing trial balance is created after all adjusting entries and closing has been done to the ledger.My first answer I answered with Trial Balance or Adjusted Trial Balance in mind, as stated above, Post Closing Trial Balance is filled out AFTER all expense, revenue, and other related accounts have been closed.
The purpose of the post-closing trial balance is to?
In trial balance after each entry is made the next step is to determine if the trial balance is still in balance. In a manual system the post closing trial balance also gives what the balance sheet will be at the beginning of the new period.
Are sales on a post closing trial balance?
No, Sales, as a Revenue Account of the Income Statement, is a temporary account, which should not appear on the post-closing trial balance.
The accounting process is correctly sequenced as?
Inentify the transaction Analyze the transaction Journal Entries Post to Ledger Trial Balance Adjusting entries Adjusted Trial Balance Financial Statements Closing Entries After-Closing Trial Balance
What is full cycle bookkeeping?
The 9 Steps of the Accounting Cycle are: 1. Collect and analyze data from documents, transactions and events. 2. Journalize transactions. 3. Post to general ledger. 4. Prepare an unadjusted trial balance. 5. Prepare adjustments. 6. Prepare an adjusted trial balance. 7. Prepare financial statements. 8. Close the accounts. 9. Prepare a post-closing trial balance.
What is the Purpose of the post-closing trial balance?
The purpose of the post-closing trial balance is to prove the equality of the balance sheet account balances that are carried forward into the next accounting period.
What is the Purpose of Post-Closing Trial Balance?
The purpose of the post-closing trial balance is to prove the equality of the balance sheet account balances that are carried forward into the next accounting period.
Purpose of the post- closing trial balance?
The purpose of the post-closing trial balance is to prove the equality of the balance sheet account balances that are carried forward into the next accounting period.
