My Manager asked me to prepare a "Post-Closing Trial Balance". Can you share with me your definition for it?

Post closing trial balance is the entire list of accounts and their balances after the closing entries have been journalized and posted to the ledgers. You can also say, The post closing trial balance is a list of accounts or permanent accounts that still have balances after closing entries have been made.

In simple words, to record and post all the closing/ adjusting entries in the ledgers.

the last step of accounting cycle and is prepared after making and posting all necessary closing entries to relevant ledger accounts. Since closing entries close all temporary ledger accounts, the post-closing trial balance consists of only permanent ledger accounts

A post-closing trail balance :is the last step in the accounting cycle to prepare a post-closing trail balance,It’sprepared after closing all entries

Thanks for invitation,

Most of the text books are define "Post Closing Trial Balance" as follow:

A post-closing trial balance is in fact, a list of balances of ledger accounts prepared after closing all accounting entries, passed and posted same to the ledger.

Since the closing entries transfer the balances of temporary accounts (i.e. expenses, revenue, gain, dividend and withdrawal accounts) to the retained earnings account, the new balances of all temporary accounts have to be (zero) and are not to be listed on a post-closing trial balance. whereas, all the other accounts which having non-negative balances are to be listed including the retained earnings account.

Taking into consideration that, the preparation of post-closing trial balance is the last step of the accounting cycle and its purpose is to be sure that sum of debits equal the sum of credits before the start of new accounting period, as same is providing the openings balances for the ledger accounts of the new accounting period.

 

post-closing trial balance definition. A listing of all of the accounts in the general ledger with account balances after the closing entries have been posted. This means that the listing would consist of only the balance sheet accounts with balances.

Cash + Accounts Receivable. +prepaid Rent. +inventory +leasehold improvements. = Accumulated Depreciation. Accounts Payable. Accrued Expenses. Unearned Income. Long term liabilities. Common stock. Retained Earnings. ...................................... Total ()

Well, in my opinion,

 

A post closing trial balance is the one that is prepared after adjusting entries have been passed. It consists of the real accounts only (eg- cash, accounts receivables and payables etc) because when you reach the stage of post closing TB, it means all the nominal accounts such as revenue, expenses, salaries and wages etc..have all been closed.

Hi Siham, The post closing trial balance is a list of all accounts and their balances after the closing entries you have posted to the ledger. Or in other words, the post closing trial balance is a list of accounts that still have balances after the closing entries you made

Its when all the books have been balanced and there are still outstanding balances.

Post-Closing Trial Balance is done when you close all transaction entire in trial balance.