Respuesta :
False, the retained earnings account balance in the post-closing trial balance won't be different from the one in the adjusted trial balance.
Making a post-closing trial balance is the last step in the accounting cycle (except reversing entries). Recap: There are three different kinds of trial balancing. Although they are prepared at different points in the accounting cycle, they all serve the same objective, which is to verify that debits and credits are equal.
The balance sheet accounts that have a non-zero balance at the end of your reporting period are all listed in detail in the post-closing trial balance. These accounts were just temporary, and the company has already closed them; the monies in these accounts have already been transferred to the retained earnings account.
On the post-closing trial balance sheet, you won't find any information on revenues, losses, or summary account balances. Any of those items will instead be transferred to the following accounting period if they emerge following the conclusion of the closing process and the computation of the post-closing trial balance.
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