What does adjusting entries mean?
Definitions for adjusting entries
ad·just·ing en·tries
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Wikipedia
Adjusting entries
In accounting/accountancy, adjusting entries are journal entries usually made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. The revenue recognition principle is the basis of making adjusting entries that pertain to unearned and accrued revenues under accrual-basis accounting. They are sometimes called Balance Day adjustments because they are made on balance day. Based on the matching principle of accrual accounting, revenues and associated costs are recognized in the same accounting period. However the actual cash may be received or paid at a different time.
Numerology
Chaldean Numerology
The numerical value of adjusting entries in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of adjusting entries in Pythagorean Numerology is: 6
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"adjusting entries." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/adjusting+entries>.
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