Post-closing trail balance definition including break down of areas in the definition. Analyzing the definition of key term often provides more insight about concepts. Post-closing trial balance can be defined as: List of permanent accounts and their balances from the ledger after all closing entries are journalized and posted. Post-closing trial balance explains a trial balance as of a specific time in the accounting cycle, after the closing process. We often hear the term trial balance by itself but can also use terms like unadjusted trial balance, adjusted trial balance, and post closing trial balances, these different trial balance term describing when the trial balance was produced in the accounting cycle. The post closing trial balance will have zero balances in all temporary accounts or a post closing trial balance may not include any temporary accounts because they will have zero balances, meaning a post closing trial balance will only include balance sheet accounts and not income statement accounts.
