Difference Between Adjusted Trial Balance And Post-Closing Trial Balance
The Adjusted Trial B alance is prepared to show the adjusted or updated value of Five Types of Accounts during the accounting period while Post-Closing Trial Balance is used to show only the finalized balances of Permanent Accounts before starting the new accounting period. The Adjusted Trial balance is prepared to show the effects of Adjusting Entries On both Temporary Accounts (Revenues And Expenses) and Permanent Accounts (Assets, Liabilities And Equity) while Post-Closing Trial Balance is prepared after making Closing Journal Entries To Show Closing balances of Only Permanent Accounts.