Step 9: Post-Closing Trial Balance - Explained in Taglish
Post-Closing Trial Balance final trial balance It verifies that all the debits equals the credits in the trial balance. It contains only the SFP items (permanent accounts) such as assets, liabilities and ending capital because all income and expense accounts , as well as the withdrawal account have zero balances. #postclosingtrialbalance #accounting #abmonlineph Please FOLLOW the Official Facebook Page of ABM Online PH Daghang Salamat po! RDS
Post-Closing Trial Balance final trial balance It verifies that all the debits equals the credits in the trial balance. It contains only the SFP items (permanent accounts) such as assets, liabilities and ending capital because all income and expense accounts , as well as the withdrawal account have zero balances. #postclosingtrialbalance #accounting #abmonlineph Please FOLLOW the Official Facebook Page of ABM Online PH Daghang Salamat po! RDS