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-   -   Prepairing Closing Entries (https://www.askmehelpdesk.com/showthread.php?t=95303)

  • May 23, 2007, 05:04 PM
    pirate10
    Prepairing Closing Entries
    What accounts can be considered to be revenue whaen doing the closing entries?
  • May 23, 2007, 10:34 PM
    berrysweetncgurl
    At the end of the fiscal period the accounts that are closed out are called your nominal or temporary accounts, they are revenue, expense, and dividend accounts, when you close them out they are posted to retained earnings

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