After closing entries have been journalized and posted all temporary accounts in the ledger should have zero balances.

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The purpose of closing entries is to transfer balances from temporary accounts (such as revenue, expense, and dividend accounts) to the retained earnings account in order to prepare the accounts for the next accounting period. This process ensures that all temporary accounts have zero balances at the end of the accounting period.

After Closing Entries Have Been Journalized and Posted All Temporary