Adjusting Journal Entry synonyms, Adjusting Journal Entry antonyms - FreeThesaurus.com
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Words related to adjusting entry
an accounting entry made at the end of an accounting period to allocate items between accounting periods
References in periodicals archive
Cash Investment in Growing Crops 3,000 Change in Investment in Growing Crops 3,000 4-5 * For each of the multiple choice questions below, select the appropriate adjusting journal entry
that would be recorded at the end of the year (December 31).
However, in cases where an adjusting journal entry
would normally be made to the "inventory short/over" account, the "cost of goods sold" account should be used instead.
In this case, an adjusting journal entry
might be proposed.
Accordingly, if I make a mistake entering an item into my general ledger, I must then make an "adjusting journal entry
" in order to correct the error.
Using journal entries, they would record the following adjusting journal entry
before preparing financial statements.