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After adjusting and closing entries have been posted the ledgers closing balance are transferred to the post closing trial balance.

The post-closing trial balance is that report which lists all the accounts of a company and their balances after making all the adjustments and closing entries into the ledgers.

In the accounting system, there are two other trial balances that are prepared. The first which is  simply known as the trial balance. Trial balance lists all the accounts that a company has and their balances are. The other is adjusted trial balance . It is a list of all the company accounts and their balances after any adjustments have been made into them. whereas the post-closing trial balance shows only the final balance in company accounts for the current accounting period, which are generally the exact same balances which the accounts have in the starting of the next accounting period.

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