adjusting entry

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Related to Adjusting entries: Adjusting Journal Entries
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  • noun

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 ?
In this project, the student is required to determine the information to utilize for making the initial journal entries and the subsequent adjusting entries.
Sit for three two-hour exams at any of 300 Prometric (formerly Sylvan-Prometric) test centers nationwide on the following topics: adjusting entries, error correction (including the bank reconciliation), payroll, depreciation (book and tax), inventory and, as of October 1, internal controls and fraud prevention.
For example, the phrases used to explain adjusting entries are especially appealing and should be memorable for students.
As the cows are culled from the herd, the accountant makes the adjusting entries to the oldest entry on the books.
Understaffing in the accounts department is a concern, together and large numbers of adjusting entries or discrepancies and differences that go unreconciled.
For example, we had people commenting, 'I perform an audit and I recommend adjusting entries.
Based on the national Certified Bookkeeper examination, the test provides 10 questions on journal entries, adjusting entries, the bank reconciliation, error correction, and other key skills.
A/R automatically interfaces with our G / L at month end leaving only adjusting entries to keep A/R and G/L in balance.
At a minimum, though, the case does not stand for the proposition that a service taxpayer that keeps its books on the accrual basis is prohibited from using adjusting entries to convert to the cash basis for tax purposes.
Office Connector Import will allow customers to work with estimates, journal entries, CPA adjusting entries, payroll time and more in Excel and automatically import this data to Sage Timberline Office.
All automated adjusting entries that are above a predetermined limit should be monitored and reviewed in real time, or as quickly as possible after entry.
Prepare all documentation and adjusting entries at the time of the loan.
If they did not record the adjusting entries as illustrated in Chapter 4, they would look to the unadjusted trial balance for the income statement and equity accounts that should be closed.
The games are designed to target accounting topics considered difficult by many students, such as basic financial accounting terminology, financial statement account classifications, Conceptual Framework terminology, adjusting entries, and managerial accounting terminology.
We rely on you to provide these types of services--why do I have to approve the adjusting entries you are making and understand them?