adjusting entries

Popular Terms
Bookkeeping entries posted at the end of an accounting period (the balance sheet date) to assign expenses to the period in which they were incurred, and revenue to the period in which it was earned. Adjusting entries are used also to correct entries that could not be accurately made earlier. Also called correcting entries.

Use 'adjusting entries' in a Sentence

You need to be able to accurately fill out the adjusting entries when you are filling out the end of the quarter numbers.
20 people found this helpful
Our adjusting entries period was beginning and it created a lot of energy around the business and a lot of people were excited.
18 people found this helpful
You should make as clear and legible of adjusting entries as you can so that you can come back to them later.
16 people found this helpful

Email Print Embed