Post Closing Trial Balance Includes What
Post Closing Trial Balance includes only Permanent Accounts B alances (Assets, Liabilities & Equity) a nd these go to the Balance Sheet as these have closing balances and never close until the business will shut down. All the Temporary Accounts (Revenues & Expenses) will be closed by passing closing entries at the end of the accounting period, so these are not included in the Post Closing Trial B alance.