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What does the closing entry process consist of?

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Last night at Midnight.

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The closing entry process consists of closing?
revenues and expenses
What is the process of doing closing entries in accounting?
ALL EXPENSE ACCOUNTS ARE CLOSED OUT AND AMOUNT ID DEBITED OR CREDITED INTO CAPITAL ACCOUNT TO SETUP BOOKS FOR BEGINNING OF NEXT FISCAL YEAR.
When are closing entries prepared?
At year end (fiscal or calendar).
When are closing entries journalized and posted?
Many companies vary on when they do closing entries. Closing entries are posted to the journal, then the ledger and then a post closing trial balance is made to determine the Retained Earnings of a...
Which accounts are closed in the closing entries?
Closing entries close out your temporary or "income statement" accounts, as well as your dividends paid account. All of your revenue accounts increase your retained earnings, expense accounts...