What is QuickBooks Closing Entries

                              QuickBooks Closing Entries  So what are QuickBooks and the closing entries let's try to find out? Closing Entries It helps to transfer the balance from our income and expense account to retained earnings. .When you record adjusting entries then your closing entries are made It gives permissions to enter transactions. Gives you permission to start you a new fascial year with zero net income. Closing entries are made for at the end of fiscal year to transfer a balance from income and expense account. Its increase our earning amount by the previous year earning. In simple words, we can say that it transfers our money from temporary accounts to permanent account.                                                      QuickBooks:  (Is...