Post-Closing Trial Balance
A listing of all real account balances after the closing process has been completed; provides a means of testing whether total debits equal total credits for all real accounts prior to beginning a new accounting cycle.
Home » Glossary » This page has 1 comments
A listing of all real account balances after the closing process has been completed; provides a means of testing whether total debits equal total credits for all real accounts prior to beginning a new accounting cycle.
Copyright © 2002-2012. All Right Reserved.