Another common cause of heel and calf pain is Achilles Tendinitis. Symptoms are frequently described as an aching pain in the back of the lower leg and just above the heel. This sensation is typically worse after exercise and upon first waking up in the morning.
Closing Entry. Loading the player... What is a 'Closing Entry'. A closing entry is a journal entry made at the end of the accounting period in which data is moved into the permanent accounts on the balance sheet from temporary accounts on the income statement.
Both suspense and clearing accounts are âzeroed outâ periodically. This means everything in an account is moved to other accounts, leaving a zero balance. Standard accounting practices require closing out these temporary accounts at the end of the fiscal year. Clearing accounts are often closed more often.