Difference between revisions of "Adjusting journal entry"
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==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Adjusting journal | + | :[[Adjusting journal entries]]. [[Journal entry|Journal entri]]es that are needed in order to update specific ledger accounts to reflect correct balances at the end of an [[accounting period]]. |
==Related concepts== | ==Related concepts== | ||
Revision as of 02:38, 21 December 2018
Adjusting journal entry is any journal entry that are needed in order to update specific ledger accounts to reflect correct balances at the end of an accounting period.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Adjusting journal entries. Journal entries that are needed in order to update specific ledger accounts to reflect correct balances at the end of an accounting period.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
