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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
- 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 Sales Revenues, COGS, Gross Profit, Expenses, Inventory (rawmaterials, work in progress, finished goods for manufacturers)
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