What is a trial balance taken after the temporary owner's equity accounts have been closed called?

A trial balance taken after the temporary owner's equity accounts have been closed is termed a post-closing trial balance. This document is essential as it ensures that all temporary accounts, which include revenue and expense accounts, have been closed properly and that the debits and credits remain in balance after these closures.

The post-closing trial balance serves as a checkpoint for accountants to verify that the entries of the temporary accounts have been transferred to the permanent owner's equity accounts accurately. It only reflects the balances of permanent accounts, such as assets, liabilities, and the owner's equity, which are carried forward into the next accounting period.

In contrast, a pre-closing trial balance is taken before the closing entries are made, the adjusted trial balance shows balances after adjustments but before closing entries, and the term final trial balance is not a standard term used in accounting practices.