Post-Closing Trial Balance
Final Verification
After closing entries are completed, a post-closing trial balance is prepared. It includes only permanent accounts and verifies that the accounting records remain balanced before the next accounting period begins.
- Contains only permanent accounts.
- Revenue and expense accounts have zero balances.
- Confirms total debits equal total credits.
- Serves as the opening balances for the next period.
Summary
The post-closing trial balance confirms that the accounting cycle has been completed successfully.