Adjusting Entries Guide to Making Adjusting Journal Entries, Examples October 18, 2019 – Posted in: Bookkeeping

Content Free Debits and Credits Cheat Sheet What Are Adjusting Journal Entries? Adjusting Entries: What They Are and Why You Need Them Accounting Principles I Accrued revenues Financial Accounting Although the invoice was received in the month of February the expense was for resources used in January. For this reason, it’s necessary to make an adjusting entry to ensure the expense is matched with the proper accounting period. Another journal entry for the same amount…

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