 Preparing the post-closing trial balance is the ninth step in the accounting cycle. This is also an optional step. It is prepared after the closing journal entries and its purpose is to verify that the temporary accounts have been closed. Let's remember that the trial balance lists accounts in the following order, assets, liabilities, equities, revenues, and expenses. Since the temporary accounts have been closed, the trial balance will only list balance sheet accounts. Here is an example of a post-closing trial balance. Notice it includes our asset accounts, our liability accounts, and our balance sheet equity accounts, common stock, and retained earnings. Now you can see those accounts match up with what was reported on the balance sheet. And that concludes this video on the post-closing trial balance as well as our in-depth study of the accounting cycle.