Put it on any chair and feel it working in minutes. While you simply sit, the SitFit strengthens and improves your core, promotes proper posture, and supports good back health - whether in your office, at your computer at home, or in front of the TV. The SitFit comes in Red, Blue and Black.
'Temporary Accounts' Definition: Temporary accounts refer to accounts that are closed at the end of every accounting period. These accounts include revenue, expense, and withdrawal accounts. They are closed to prevent their balances from being mixed with those of the next period. Also known as: Nominal accounts, Income statement accounts.
What is a nominal account in accounting? Nominal accounts in accounting are the temporary accounts, such as the income statement accounts. In other words, nominal accounts are the accounts that report revenues, expenses, gains, and losses. (The owner's drawing account is also a temporary account, even though it is not an income statement account.) Nominal or temporary accounts are closed at the end of each accounting year. This means that their account balances are transferred to a permanent account. This closing process allows the nominal accounts to start the next accounting year with zero balances.