Glossary entry (derived from question below)
German term or phrase:
Kontennullstellung
English translation:
closing out the income statement accounts
Added to glossary by
Marc Svetov
Apr 9, 2014 21:27
10 yrs ago
German term
United States
Kontennullstellung
German to English
Bus/Financial
Accounting
Business software
"Die GuV-Kontennullstellung erfolgt erst ca. 1,5 Monate nach Geschäftsjahresende (ca. xxx)."
Proposed translations
(English)
| 5 +2 | closing out the income statement accounts |
Ted Wozniak
|
Proposed translations
+2
1 hr
Ted Wozniak
United States
United States
Native in English
Specializes in field
United States
Bridging the Language GAAP-
Native in: English (Variant: US) 
Works in: German to English
Related KudoZ points
:
762
German term (edited):
GuV-Kontennullstellung
Selected
closing out the income statement accounts
All income and expense accounts are closed out (set to zero) at the end of a period so that the new period can start with fresh (blank) amounts.
4 KudoZ points awarded for this answer.
Comment: "Thanks!"
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