Definition of inhospitable for English Language Learners. : 1  not generous and friendly to guests or visitors. : 2  having an environment where plants, animals, or people cannot live or grow easily. : 3  not ready or willing to accept or consider something.
Revenue Accounts. Revenues are the assets earned by a company's operations and business activities. In other words, revenues include the cash or receivables received by a company for the sale of its goods or services. The revenue account is an equity account with a credit balance.
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.