ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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ADJUSTING ENTRIES Definition
ADJUSTING ENTRIES are special accounting entries that must be made when you close the books at the end of an accounting period. Adjusting entries are necessary to update your accounts for items that are not recorded in your daily transactions.
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MONETARY ASSETS are measured at their collectible amounts, while nonmonetary assets are measured at historical costs.
EURO is a currency of selected European Union countries.