Sumac lemonade isnât made with the sumac flowers, but rather those torch-like bundles of red fuzzy berries. Iâm most used to making sumac lemonade with the berries of the smooth sumac trees (Rhus glabra) , but I see no reason why staghorn or fragant sumacs wouldnât work just as well.
(Learn how and when to remove these template messages) A clearing account is usually a temporary account containing costs or amounts that are to be transferred to another account. An example is the income summary account containing revenue and expense amounts to be transferred to retained earnings at the close of a fiscal period.
1. Close the revenue accounts to the clearing account. This will include accounts such as sales, interest income and rent revenue. In a double-entry accounting system, temporary accounts are often closed to a special clearing account called Income Summary or Revenue and Expense Summary.. Reference your chart of accounts for the name of the special clearing account.