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The ledger balance in a checking account is the balance of the account once the total number of debits are subtracted from the total number of credits within a given account period, as Investopedia explains. The ledger b... More »

www.reference.com Business & Finance Personal Banking

In 2011, the average savings account balance in the United States was $5,923 ‒ a 3 percent increase from the previous year ‒ according to a 2012 report by document-management services company Pitney Bowes. The same repor... More »

www.reference.com Business & Finance Personal Banking

The accounts that have a normal credit balance include contra-asset, liability, gain, revenue, owner's equity and stockholders' equity accounts. In contrast, accounts that normally have a debit balance include the asset,... More »

www.reference.com Business & Finance Credit & Lending
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To prepare a post-closing trial balance sheet, transfer the totals from the ledger accounts onto a spreadsheet with a column for account names, debits and credits, according to MyAccountingCourse.com. Only balance sheet ... More »

www.reference.com Business & Finance Business Resources Accounting

A post-closing trial balance includes information such as account names, debits, credits, assets, liabilities and equities. It is virtually the same as all the other trial balances in the accounting cycle. More »

www.reference.com Business & Finance Personal Banking

A post-closing trial balance is a listing of general ledger account balances after the closing entries for an accounting period have been entered, according to Accounting Coach. This listing includes only balance sheet a... More »

www.reference.com Business & Finance Business Resources Accounting

A general ledger is a type of accounting document that includes all of the financial records for a company, often consisting of additional documents to track credits and debits on individual accounts as well as monitor a... More »

www.reference.com Business & Finance Business Resources Accounting