Closing Entries ( Jurnal Penutup )

In practice, companies generally prepare closing entries only at the end of a company’s

Annual accounting period.

account yang perlu closed yaitu revenue account, expense account, retained earnings and dividends.

                    

Example : Closing Entries

Date	Account Titles / Explanation	Debit	Credit
31	Service Revenue     Income Summary     ( to close revenue account ) Income Summary     Expense ( all expense,ex:bad debt,rent, oth )     ( to close expense accounts ) Income Summary     Retained Ernings     ( to close net income to retained earnings ) Retained earnings     Dividend     ( to close dividend to retained earnings )	XXXX XXXX XXXX XXXX	XXXX XXXX XXXX XXXX