YEAR-END REPORTS NO. 7 AND 8, PRE AND POST CLOSING TRIAL BALANCES - 7962
The Year-End Report No. 7, Pre-Closing Trial Balance, lists the general ledger account balances for real and nominal accounts, including accruals and adjustments, before the nominal accounts are closed to fund balance. The Year-End Report No. 8, Post-Closing Trial Balance, lists the general ledger real account balances, including accruals and adjustments, after the nominal accounts have been closed to fund balance.
General ledger accounts that require subsidiary information must be reported individually (e.g., Due to Other Funds, Due from Other Funds, Prepayments to Other Funds, Provision for Deferred Receivables, etc.). Pre-closing and post-closing trial balances are required for each fund in the State Treasury (including the Special Deposit Fund) and for trust fund accounts outside the State Treasury.
A sample of the Report No. 7 is shown in the 7962 Illustration 1; and the Report No. 8 is shown in the 7962 Illustration 2 and Illustration 3.