Once an account has been closed for the period, inserting a line in the balance columns zeros out the account, making it ready for the following period.

Closing

The process of finalizing accounts at the end of an accounting period, transferring temporary account balances to permanent ones.

Zeros Out

The process of adjusting an account balance to zero, often used in the context of budgeting or closing temporary accounts at the end of an accounting period.

Balance Columns

Columns in an account or ledger used to record the debit and credit balances.