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.
The Income Summary account is temporary. It is used to close income and expenses. As you will see later, Income Summary is eventually closed to capital. To close expenses, we credit the expense accounts and debit Income Summary. Now for the next step, we need to get the balance of the Income Summary account.