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.
Why are revenue and expense accounts called temporary or nominal accounts? Definition Revenue and expense accounts are referred to as temporary or nominal accounts b/c each period they are closed out to income summary in the closing process. their balances are reduced to zero at the end of the accounting period; therefore, the term temporary or nominal is given to these accounts