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Post-Closing Trial Balance

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

How do you complete Closing Entry INformation & Post-Closing Trial balance from an adjusted trial balance?

Oct 16th, 2017

After the revenue and expense accounts have been closed, it is desirable to prepare post closing trial balance and consists solely of balance sheet accounts.There is always the possibility that an error in posting the closing entries may have upset the equality of debits and credits in the ledger.The post closing trial balance is prepared from the ledger.it gives assurance that the accounts are in balance and ready for recording transactions in the new accounting period.

Apr 5th, 2015

post closing trial balance contains only balance sheet accounts.Also, the retained Earnings account has up- to- date balance.Through the closing of revenue, expense, and dividends accounts, the retained Earnings account has been brought up-to-date.

Apr 5th, 2015

post closing trial balance contains only balance sheet accounts.Also, the retained Earnings account has up- to- date balance.Through the closing of revenue, expense, and dividends accounts, the retained Earnings account has been brought up-to-date.

Apr 5th, 2015

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Oct 16th, 2017
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Oct 16th, 2017
Oct 17th, 2017
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