The purpose of the after-closing trial balance is to give assurance that the accounts are in balance and ready for the new accounting period.

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The after-closing trial balance lists all the accounts with their final balances after the closing entries have been journalized and posted. It is used to ensure that the total debits are equal to the total credits and that all temporary accounts have been closed out to the retained earnings account. This ensures that the accounts are ready for the new accounting period.

The Purpose of the After-Closing Trial Balance Is to Give