Final answer:
A closing entry is made at the end of an accounting period to close off temporary accounts and transfer their balances to permanent accounts. The correct answer is revenue entry, which is not a closing entry but rather an opening entry that records the revenue earned during a period.
Step-by-step explanation:
In accounting, a closing entry is made at the end of an accounting period to close off temporary accounts and transfer their balances to permanent accounts. The purpose of a closing entry is to reset the temporary accounts to zero in order to prepare them for the next accounting period. The correct answer to the question is 2) Revenue entry. A revenue entry is not a closing entry; it is actually an opening entry that records the revenue earned during a period.