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What is a post-closing trial balance?

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Question ajoutée par Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)
Date de publication: 2016/04/22
Utilisateur supprimé
par Utilisateur supprimé

Post Closing Trial Balance is the one which is made after posting the closing entries in the ledger.

Mubeen Abdul Aziz
par Mubeen Abdul Aziz , Head Of Section - Costing , Lucky Motors Corporation

Post Closing Trial Balance means, that all the closing entries are posted into the ledger and after posting the entries the remaining amount of GLs reflects in trial balance.

Mohummud Herzallah
par Mohummud Herzallah , Financial Controller , Tahaluf Al Emarat Technical Solutions LLC

It is at it sounds, the company's trial balance after closing a period (usually a month). For example a company may have a closing cut off for March period on 10th of April, on the 11th of April you should be able to get a trial balance for the year as of March, or for March alone.

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