Purpose of the After-Closing Trial Balance

An after-closing trial balance (also called a post-closing trial balance) is prepared after all closing entries have been made. It consists solely of balance sheet accounts, specifically assets, liabilities, and owners' equity. The purpose of this trial balance is to verify that the ledger remains balanced after closing all temporary accounts (like revenues and expenses) to retained earnings. It gives assurance that the accounts are in balance and ready for the next accounting period​​.