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Stage Four in the Kubler-Ross model of grief is
Total Assets
A corporation's complete asset portfolio, which includes both current assets and assets held for a longer period.
Post-Closing Trial Balance
A list of all accounts and their balances after the closing entries have been made, ensuring that debits equal credits in preparation for the next accounting period.
Temporary Accounts
Accounts that are closed at the end of the accounting year, including income, expense, and withdrawal accounts, to prepare the company for the new fiscal year.
Permanent Accounts
Accounts that carry their ending balances over into the next accounting period, typically including assets, liabilities, and equity accounts.
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