What Accounts Are Included In A Post-Closing Trial Balance

In preparing Post Closing Trial Balance, all the Permanent Accounts or Balance Sheet Accounts are listed because all the temporary accounts are finally closed to Retained Earnings Account i.e., the difference of revenue accounts and expense accounts resulting either the net income or the net loss and dividend account are transferred to retained earnings account.

Permanent accounts or balance sheet accounts include assets, liabilities and equity.

A post-closing trial balance is prepared to list assets, liabilities and equity before the start of the new accounting period.

So, a post-closing trial balance is prepared to show only permanent accounts but it does not include all the temporary accounts such as Revenue Accounts, Expense Accounts, Gains & Losses as it is prepared after recording adjusting and closing entries or after preparing Unadjusted and Adjusted Trial Balance for the accounting period.