post closing trial balance

Popular Terms
Trial balance prepared after closing entries have been posted to respective ledger accounts. Its objective is to test whether total debits equal total credits for all real (permanent) accounts, prior to beginning a new accounting period.

Use 'post closing trial balance' in a Sentence

The post closing trial balance period was almost over and we had to discern what was going on with everything.
20 people found this helpful
The post closing trial balance was reviewed by the CPA and it did in fact balance so this was a great relief.
19 people found this helpful
You should keep a close eye on the post closing trial balance so that you know you always have enough for what you need.
16 people found this helpful

Email Print Embed