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The Severe Impairment Battery
Post-closing Trial Balance
A financial report created after closing entries are made, listing all accounts and their final balances to ensure debits equal credits.
Proper Form
The required or correct format, arrangement, or procedure that a document, action, or process must adhere to according to rules, standards, or laws.
Closing
The process of finalizing accounts at the end of an accounting period to prepare them for the next period.
Post-closing Trial Balance
A list of all permanent accounts and their balances after closing entries are made, used to check the balance and prepare for the new accounting period.
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