Put it on any chair and feel it working in minutes. While you simply sit, the SitFit strengthens and improves your core, promotes proper posture, and supports good back health - whether in your office, at your computer at home, or in front of the TV. The SitFit comes in Red, Blue and Black.
'Temporary Accounts' Definition: Temporary accounts refer to accounts that are closed at the end of every accounting period. These accounts include revenue, expense, and withdrawal accounts. They are closed to prevent their balances from being mixed with those of the next period. Also known as: Nominal accounts, Income statement accounts.
Save. Retained earnings, a balance-sheet account, is a form of income that a company has earned over time. But unlike accounts in the income statement, which are temporary accounts subject to closure at the end of an accounting period, the account of retained earnings is a permanent account.s temporary accounts, revenues and expenses are closed into the income-summary account at the end of a year. Subsequently, income summary is closed into retained earnings, increasing or decreasing existing retained earnings depending on whether the income summary represents a profit or loss.