Business, Legal & Accounting Glossary
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.
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This glossary post was last updated: 20th November, 2021 | 0 Views.