Immediately after closing,every temporary account has a balance of $0.

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Temporary accounts, such as revenue and expense accounts, are closed at the end of an accounting period to prepare for the new period. The closing process involves transferring their balances to a permanent account (usually retained earnings) and resetting their balance to zero. Therefore, immediately after closing, every temporary account has a balance of $0.

Immediately After Closing,every Temporary Account Has a Balance of $0