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What is a “closing balance?”

User Domsson
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2 Answers

7 votes

Answer:

The amount of money you have at the end of the statement period

Explanation:

User Nifhel
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6 votes

A closing balance is the amount remaining in an account within your chart of accounts, positive or negative, at the end of an accounting period or year end.

Explanation:

User Rubdottocom
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