Chapter 4, Problem 8Q

To determine

Trial Balance: A trial balance is the summary of the closing balance of all the ledger accounts on a particular date. A trial balance is often prepared at the end of the accounting period in order to assist the accountants in the preparation of the financial statements.

Post-Closing Trial Balance: After passing all the journal entries and the closing entries of the permanent accounts and then further posting them to each of the respective accounts, a post-closing trial balance is prepared which consists of a list of all the permanent accounts.

To Identify: The content and purpose of a post-closing trial balance.