《会计英语》 Chapter 8电子课件.pptVIP

8.4 Closing the Accounts 【Example 8-4】 8.4 Closing the Accounts Note that the accounts of income summary and owner’s withdrawals are used only at the end of the accounting period when the accounts are being closed.The accounts of income summary and owner’s withdrawals have no entries and no balance except during the process of closing the accounts at the end of the accounting period. 8.4 Closing the Accounts Dividends paid to stockholders are not considered as an expense of the business，and therefore，are not taken into account in determining net income for the period.Since dividends are not