Some good laptop processors include the AMD and Intel units, notes techradar.com. Both processors are often compared against each other in terms of performance and price, with AMD being a primary choice for frugal users while Intel continues to perform well for high-end system users. Continue Reading.
(December 2014) 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.
What is a nominal account in accounting? Nominal accounts in accounting are the temporary accounts, such as the income statement accounts. In other words, nominal accounts are the accounts that report revenues, expenses, gains, and losses. (The owner's drawing account is also a temporary account, even though it is not an income statement account.) Nominal or temporary accounts are closed at the end of each accounting year. This means that their account balances are transferred to a permanent account. This closing process allows the nominal accounts to start the next accounting year with zero balances.