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General Accounting Discussions: Post trial balance confusion

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    • CommentAuthorRyanW67
    • CommentTimeApr 5th 2007
     
    Hi everyone, I'm new to this site, and relatively new to Accounting... I'm studying Accounting and hope it's ok to post a question on here.

    Basically I've been getting a little confused with post-trial balance adjustments;
    In a worksheet, I've been asked the question 'calculate and process any post trial balance adjustments @ 31/01.'

    we've been given a set of t-accounts and a trial balance. Now the thing that I'm confused about is... where to process these? I mean I know which things need to be processed but I get confused whether I should be adjusting the trial balance and/or the t-accounts....???

    Hope I make sense, thanks in advance
    • CommentAuthorbelavia
    • CommentTimeApr 6th 2007
     
    Im not quite sure what you mean.
    When we do year end adjustment they are added to T-accounts, and the temporary ones are subsequently closed to income summary, or directly to to the income statement.
    • CommentAuthorAbusamak
    • CommentTimeApr 7th 2007
     
    hello,
    when you close all nominal account such as (revenue and expenses) will remain the real account such as( assets,liabilities and owner equity) the post-trail balance appear only real account.
    and this accounts remains to the new year.
    have a good future

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