Post-Closing Trial Balance

Definition

A list of accounts and balances after closing entries are posted. Only permanent accounts (balance sheet accounts) appear. Confirms debits equal credits before starting the next period.

Related Terms

Trial Balance

A list of all accounts and their balances at a specific date. Used to verify that total debits equal total credits before preparing financial statements.

Learn More About Accounting

Explore our free lessons and practice labs to master accounting concepts.

Browse Lessons View All Terms