What is post closing trial balancethis statement would only, Ask an Expert

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What is Post closing trial balance

This statement would only show permanent accounts with a balance; all temporary accounts must have a zero balance. Credits and Debits must balance.

Fiscal Period is any period of time covering the complete accounting cycle. Twelve consecutive months is a fiscal year irrespective of starting dates.

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Accounting Basics, Accounting

Category:- Accounting Basics
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