Question

fill in the blank question
closing means to transfer account balances from (asset/liability/permanent/temporary) accounts so that they will start with a (contra/larger/zero) balance at the beginning of the next period.
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Explanation:

Closing entries are accounting procedures that reset temporary accounts (like revenues, expenses, dividends) at the end of an accounting period. This transfer ensures these accounts have a zero balance to start tracking activity for the new period, while permanent accounts (assets, liabilities, equity) retain their balances.

Answer:

First blank: temporary
Second blank: zero