A bookkeeping entry made at the end of an accounting period to assign income and expenses to a different period. These entries are made under the accrual accounting systems in order to correctly reflect the timings of income and expenditure. Some adjusting entries include accounts receivable, accounts payable, depreciation and amortization.
Related information about adjusting entry:
- Adjusting entries - Wikipedia, the free encyclopedia
A company receiving the cash for benefits yet to be delivered will have to record the amount in an unearned revenue liability account. Then, an adjusting entry to ...
- Adjusting Entries | AccountingCoach.com
To demonstrate the need for an accounting adjusting entry let's assume that a company ... An adjusting entry is needed so that December's interest expense is ...
- What are adjusting entries? | AccountingCoach.com Q&A
Sometimes an adjusting entry is needed because: ... A common characteristic of an adjusting entry is that it will involve one income statement account and one ...
- Accounting Principles I: Adjusting Entries
Each adjusting entry usually affects one income statement account (a revenue or expense account) and one balance sheet account (an asset or liability account) ...
- What is adjusting entry? definition and meaning
Definition of adjusting entry: A bookkeeping entry made at the end of an accounting period to assign income and expenses to a different period. These entries ...
- Adjusting Journal Entries
Illustration for a short-term asset > Past exchange of cash Asset XXX Cash XXX > Adjusting entry necessary as the asset is consumed Expense XXX (Income ...
- Adjusting Entries
An adjusting entry is made to recognize the revenue in the period in which it was earned. Deferrals - revenues or expenses that have been recorded but need to ...
- adjusting entry - The Free Dictionary
Noun, 1. adjusting entry - an accounting entry made at the end of an accounting period to allocate items between accounting periods. accounting entry, ledger ...