A listing of all of the accounts in the general ledger with account balances after the closing entries have been posted. This means that the listing would consist of only the balance sheet accounts with balances. The income statement accounts would not be listed because they are temporary accounts whose balances have been closed to the owner's capital account. To Top

This trial balance is typically prepared after the closing entries have been posted (typically this would include any general ledger accounts [permanent accounts such as assets, liabilities, and owner's capital]).

A trial balance after all of the temporary accounts have been closed.