Adjusting Entry

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Adjusting Entry

1. An adjustment made to a company's financial records at the end of an accounting period to assign revenues and expenses to the days on which the events justifying them occurred or on which the revenue was received, depending on the situation. For example, if a company is paid in advance for the purchase of some good, an adjusting entry may recognize that revenue on the day the good was delivered. Likewise, if the company was paid after delivery, it may recognize the revenue on the day it was paid. See also: Accrued Expenses, Accrued Revenue, Prepaid Expenses, Unearned Revenue.

2. Any correction to a previous entry in a company's financial records.

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Reverse entries			In another December transaction, the loss S corporation made an adjusting entry to reallocate funds it received from another profitable venture owned by Kaplan to a loan from Kaplan. Economic outlay revisited by Porcaro, Greg; Burton, Hughlene A. / The Tax Adviser But he or she also generally was relieved the auditor had found it in time for the company to record an adjusting entry so the financial statements were fairly stated. Account reconciliation: an underappreciated control: this procedure ... by Vorhies, James Brady / Journal of Accountancy Materials needed to play the game are: 1) game board with pockets (see Table 4 for a basic diagram of the set-up), 2) Adjusting Entry cards, 3) a list of possible transactions to be drawn from the game board and (4) journal page for each player. Using games to teach basics: learn to love learning accounting by Rhodes, Kimber; Smith, Aileen / Academy of Educational Leadership Journal			Adjustable Premium Adjustable Rate Adjustable Rate Mortgage adjustable-rate mortgage Adjustable-rate mortgage securities Adjustable-Rate Preferred Stock Adjusted Balance Method adjusted basis Adjusted Capital Ratio Adjusted Cost Base Adjusted Debit Balance Adjusted Exercise Price Adjusted Funds From Operations Adjusted Gross Estate Adjusted Gross Income Adjusted Liabilities Adjusted Net Asset Value Adjusted Net Worth Adjusted Premium Method Adjusted Present Value adjusted sales price Adjusted Surplus adjusted tax basis Adjusted Underwriting Profit Adjuster Adjusting Entry Adjustment Adjustment Assistance Adjustment Bond Adjustment Costs Adjustment Credit Adjustment Date Adjustment Frequency Adjustment in Conversion Terms Adjustment Income Adjustment Index Adjustment Interval Adjustment on Conversion Adjustment Programme Adjustment to Income adjustments Adjustments in Appraisal Adjustments to Income Administered Price Administering Agency Administracion Nacional de Telecomunicationes Administration Administration Bond Administration Order Administrative Agency Administrative Budget			adjusted tax basis Adjusted Taxable Income Adjusted Total Equity Adjusted Underwriting Profit Adjusted Underwriting Profits adjusted value Adjusted Value of Production Adjusted Weaning Weight Adjusted Words Per Minute Adjusted Work Week Adjusted-Balance Method Adjusted-Cost Base Adjusted-Cost Bases adjuster adjuster adjuster adjuster adjuster adjusters adjusters adjusters adjusters adjusters adjusting adjusting adjusting adjusting Adjusting entries Adjusting entries Adjusting entries Adjusting Entry Adjusting Journal Entries Adjusting Journal Entries Adjusting Journal Entries Adjusting Journal Entry Adjusting Journal Entry Adjusting Journal Entry Adjusting Journal Entry Adjusting plane adjusting point adjusting ring adjustive adjustive arcs of closure adjustive arcs of closure adjustive arcs of closure adjustive arcs of closure adjustive arcs of closure adjustment adjustment adjustment adjustment adjustment adjustment Adjustment Assistance Adjustment Assistance Adjustment bond Adjustment Bonds adjustment by agreement Adjustment Center Adjustment Computations adjustment correction

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