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.
For example, a company might use a clearing account to hold revenue and costs when completing year-end fiscal calculations. When the company has finished placing the revenue and costs in the account it can then transfer the amount to the company's net earnings.
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.