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Closing a ledger balance means to calculate the net balance of a balance, and credit or debit the resulting amount to zero the balance and move it to another ledger balance. You can find the net balance of a ledger balance by viewing the balance field in its record. If it is negative, it needs a credit to zero the balance, and if it is positive, it needs a debit to zero the balance.
You cannot delete a balance once it is created in your ledger. You can only prevent it from participating in any more transactions after its balance has been zeroed.
Consider the following balances:
Ledger balancecurrencybalancecredit_balancedebit_balance
AUSD400500100
BUSD-300600900
To close the ledger balances above:
Ledger balancecurrencyAmount receivedAmount deducted
AUSD0400
BUSD3000
This will close out the ledger balances and you can prevent them from participating in any subsequent transactions.

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