A Guide To Temporary Accounts

ContentPermanent Accountswhat Are Permanent Accounts?Accounting Principles IClosing Expense AccountsClose The Income Summary AccountHow To Prepare Closing EntriesClosing Entry ExamplesWhat Is A Permanent Account In Accounting?How To Clear An Accounting Year To help you further understand each type of account, review the recap of temporary and permanent accounts below. Let’s say you have a cash account […]