Before an accountant will transfer revenue and expenses to the next accounting period, he/she may perform another check on the balance sheet accounts to see if there are any adjusting entries that need to be made before the financial statements are prepared.
Related information about post-closing trial balance:
- Accounting Principles I: The Post‐Closing Trial Balance
A post-closing trial balance is prepared to check the clerical accuracy of the closing entries and to prove that the accounting equation is in balance before the ...
- Post Closing Trial Balance
Post-closing trial balance: once the closing entries are prepared and posted to the general ledger, another trial balance would be prepared to verify that the total ...
- Post-Closing Trial Balance | Example | Format | Accounting Cycle
A post-closing trial balance is a list of balances of ledger accounts prepared after closing entries have been passed and posted to the ledger accounts.
- What is a post-closing trial balance? - Questions & Answers ...
Sep 6, 2010 ... A post-closing trial balance is a listing of all balance sheet accounts containing balances at the end of a reporting period. The post-closing trial ...
- What is post closing trial balance? definition and meaning
Definition of post closing trial balance: Trial balance prepared after closing entries have been posted to respective ledger accounts. Its objective is to test ...
- What is a post-closing trial balance? | AccountingCoach.com Q&A
A post-closing trial balance is a trial balance which is prepared after all of the temporary accounts in the general ledger have been closed. The temporary.
- What Merchandising Accounts Will Appear in the Post Closing Trial ...
What Merchandising Accounts Will Appear in the Post Closing Trial Balance? by Jay Way, Demand Media. Trial balance is an accounting procedure used to ...
- What is post-closing trial balance? definition and meaning
Definition of post-closing trial balance: Before an accountant will transfer revenue and expenses to the next accounting period, he/she may perform another ...