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    pirate10's Avatar
    pirate10 Posts: 2, Reputation: 1
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    #1

    May 23, 2007, 05:04 PM
    Prepairing Closing Entries
    What accounts can be considered to be revenue whaen doing the closing entries?
    berrysweetncgurl's Avatar
    berrysweetncgurl Posts: 166, Reputation: 19
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    #2

    May 23, 2007, 10:34 PM
    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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