adjusting entry

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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 ?
New adjusting entry for the end of Year 3 (or beginning of Year 4):
An adjusting entry would also be required in January (not required for this project).
The second entry each year in Panels A and B is the adjusting entry for intercompany profit, and it highlights the modification required if S is not consolidated.
Under this standard, I wouldn't be permitted to make an adjusting entry.
An adjusting entry is necessary at December 31, 1998, to mark the swap to its fair value of $175,000.
In the new entry, I also enter a note explaining the reason for the adjusting entry and how the adjusted figures were determined.
We adjusted cost of service down by $194,000 to reflect the correction of an adjusting entry in cost of service from one of our international subsidiaries.
If cost is less than or equal to the DMV, no adjusting entry is necessary; if the DMV is less than cost, a write-down of the inventory is required.
31 Adjusting entry for value of purchased feed on hand (32) 230 230 Dec.
Alternatively, if his accountant had recorded the $10,000 as dividend income, the following adjusting entry would be required:
Each year, students must evaluate the client's response; propose an appropriate adjusting entry, if necessary (and defend it); and again explain the receivables presentation at the annual stockholders' meeting.