Open a new Excel spreadsheet. Enter "Account" in cell A1. Input "Debits" in cell B1 and "Credits" in cell C1. Input each account name into a separate cell of column A.

The post-closing trial balance does not include the closed merchandising accounts of cost of goods sold and supplies consumed, and consists only of real accounts of asset, liability and equity.

Requirements for a Trial Balance . Companies initially record their business transactions in bookkeeping accounts within the general ledger.Depending on the kinds of business transactions that ...

A general ledger is the foundation of a company’s double-entry accounting system. General ledger accounts encompass transaction data needed to produce an income statement, balance sheet, and ...

Once this is complete, this ledger is called the post-close trial balance. To understand which accounts will not appear on a post-close trial balance, we need to start with what does appear on the ...