Post Closing Trial Balance

Accounting Dictionary

Post Closing Trial Balance

A listing of all the debit and credit balances of the real or balance sheet accounts. It is done after the closing entries and is the last step of the accounting cycle.

At the end of the month all the income statement (or temporary) accounts are zeroed out. Only the balance sheet accounts remain. The trial balance done with these accounts at the end of the year becomes the beginning balances for the next month.

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