Closing Entries

Business / Accounting / Closing Entries: Entries that reduce all nominal, or temporary, accounts to a zero balance at the end of each accounting period, transferring their preclosing balances to a permanent balance sheet account.

Closing Transaction

Business / Finance / Closing Transaction: The net of the number of stocks whose closing prices are higher than their previous trades (uptick) against the number of stocks whose closing prices were lower than their previous trades (downtick). MORE

Closing Tick

Business / Finance / Closing Tick: A transaction in which the seller's intention is to reduce or eliminate a long position in a stock, or a given series of options. MORE

Closing The Books

Business / Accounting / Closing The Books: A term used to describe the journal entries necessary to close the sales and expense accounts of a business at year end by posting their balances to the profit and loss account, and ultimately to clos MORE

Enclosing Method

Entertainment / Literature / Enclosing Method: Another term for framing method. MORE

Journal Entries

Business / Accounting / Journal Entries: A term used to describe the transactions recorded in a journal. MORE

Post-Closing Trial Balance

Business / Accounting / Post-Closing Trial Balance: A listing of all real account balances after the closing process has been completed: provides a means of testing whether total debits equal total credits for all real accounts prior to beginning a new MORE

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