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Temporary (nominal) & permanent (real) accounts; closing entries why closed; Income Summary/RE relationship 8Adjusting entries, Correcting Entries, 9Service Companies, Retail/Merchandising Companies, Manufacturing - Specific accts

  1. Temporary (nominal) & permanent (real) accounts; closing entries why closed; Income Summary/RE relationship
  2. 8Adjusting entries, Correcting Entries,
  3. 9Service Companies, Retail/Merchandising Companies, Manufacturing - Specific accts Sales Revenues, COGS, Gross Profit, Expenses, Inventory (rawmaterials, work in progress, finished goods for manufacturers)

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