Accounting › Section D · Completing the accounting cycle › Topic D.2
The post-closing trial balance
Once the closing entries are posted, one last list confirms that the ledger still balances and that only the accounts meant to carry forward are left open. That list, the post-closing trial balance, is the opening position for the next period.
In this topic
- The last check before a new period
- What it contains
- Why companies prepare it
- Three trial balances compared
- Worked example: Bluefin's post-closing trial balance
- Checking the totals another way
- Worked example: a list that balances but is wrong
- Worked example: a list that does not balance
- Common mistakes to avoid
- Key takeaways
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