Post-closing trial balance

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Post-closing trial balance is the final step in the accounting cycle that lists only permanent accounts in the ledger and their balances after adjusting and closing entries have been posted.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Post-closing trial balance. The final step in the accounting cycle that lists only permanent accounts in the ledger and their balances after adjusting and closing entries have been posted.

Related concepts

Related lectures