Word forms: (plural) adjusting journal entries
( Accounting : Basic )
journal, entry1, entry2, journal entry
Every adjusting journal entry will affect at least one revenue or one expense account.
The proper method of accounting for bad debts requires an end-of-period adjusting journal entry that reduces both net income and the balance sheet carrying value of accounts receivable.
An adjusting journal entry is a journal entry that is made to correct an error or update an account.
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