After all the closing entries have been posted,the Income Summary account has a zero balance.

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The purpose of closing entries is to transfer the balances of the temporary accounts (revenue, expense, and dividend accounts) to the retained earnings account or owner's equity account. The Income Summary account is used temporarily during the closing process to summarize the revenue and expenses and determine the net income or loss for the period. Once the closing entries have been posted, the Income Summary account should have a zero balance.

After All the Closing Entries Have Been Posted,the Income Summary