Why this is mistaken
Inspect every account included in the report, then check the totals. A post-closing trial balance contains only permanent balances. Any temporary balance shows that the close or the report population is incomplete.
Where to watch
When this mistake may appear
- The post-closing debit and credit totals agree.
Check your work
Your work may contain this mistake if:
- Accepts a revenue, expense, distribution, or Income Summary balance because another error offsets it.