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It is a temporary account used only in the closing process, to which the balances of the revenue and expense accounts are transferred. Group of
It is a temporary account used only in the closing process, to which the balances of the revenue and expense accounts are transferred.
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Permanent account
Income summary
Post closing trial balnce
Closing account
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
10th edition
978-1337276337, 1337276332, 978-1337517546, 1337517542, 978-1337491471
