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    winknice1's Avatar
    winknice1 Posts: 1, Reputation: 1
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    #1

    Feb 16, 2009, 09:32 PM
    Accounting post closing trail balance
    What is in a post closing trail balance?
    hamzashakaa's Avatar
    hamzashakaa Posts: 161, Reputation: 8
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    #2

    Feb 17, 2009, 12:31 AM

    After the end of the accounting period you should close the revenues and expenses of the company to retained earnings. That means credit all expense accounts and debit retained earnings and debit all revenue accounts and credit retained ernings. When you print out the post closeing trial balance you will not found any amounts in revenues and expenses accounts because they are transferred to retained earnings.
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