Lesson 15: Post Closing Trial Balance
Duration of Days: 2
Lesson Objective
Prepare a post-closing trial balance for a service business by accurately listing all permanent account balances after closing entries have been completed.
What is a post-closing trial balance, and why is it prepared?
How does a post-closing trial balance differ from a regular trial balance?
Which accounts appear on the post-closing trial balance?
post closing trial balance
CTE Business & Finance Technology
C. Accounting Process: Complete the various steps of the accounting cycle in order to prepare financial statements.
17. Complete the closing process.
HS.CTE.2A - 2A. Recall and apply prior knowledge for intended purpose.
The SAT measures student proficiency in math reading, language, and writing. With strong scores, accounting students set themselves up for successful entry into accounting and finance programs.
Descripton: lesson will focus on the final step in the accounting cycle: preparing a post-closing trial balance.
Purpose: how to prepare a post-closing trial balance for a service business, which is a crucial step in the accounting cycle.
DOK 1:
Define post-closing trial balance
Identify the accounts that are included in a post-closing trial balance.
DOK 2:
Classify the types of account that appear on post-closing trial balance explain why certain accounts are excluded.
DOK 3
Prepare a post-closing trial balance and identify any errors and suggest corrections.
In the real world, accountants and business owners use the post-closing trial balance to verify that all temporary accounts have been properly closed and that the ledger is balanced before starting a new fiscal period
Mistakenly include both temporary accounts (revenues, expenses, and drawings) and permanent accounts on the post-closing trial balance.
Sampling, modeling, one one instruction, Google classroom or Moodle. Paper or or online assignments, online instructional tools, videos, textbook or online textbook, excel real world application of information, Spanish version available for ELL students
Guided Notes worksheet
Guiding questions/term assignment
work together/on own assignment application or mastery working papers
Math assignment
Century 21, Accounting, General Journal, 11th edition, online/paper edition.
Online working papers (Mindtap)
Microsoft Excel software
online instructional tools