What does Closing Entries mean?
Journal entries used to empty temporary accounts at the end of an accounting period and transfer their balances to permanent accounts.
Closing entries transfer balances from temporary accounts to permanent equity accounts.
Closing Entries in German, French, Spanish and Italian
GermanAbschlussbuchungen
Buchungen zum Abschluss der Erfolgskonten.
FrenchÉcritures de clôture
Écritures visant à solder les comptes de gestion en fin d'année.
SpanishAsientos de cierre
Registros contables para saldar las cuentas de ingresos y gastos.
ItalianScritture di chiusura
Scritture finali per chiudere i conti del mastro.
Synonyms and opposites for Closing Entries
- Synonym Finalizing entries