ADJUSTING ENTRIES Definition

Bookmark and Share

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.

Learn new Accounting Terms

SINGLE-ENTRY BOOKKEEPING is a simple bookkeeping system in which all transactions are recorded in a single record (e.g., a checkbook that indicates expenditures only). Single-entry does not rely upon equal debits and credits.

TARIFF, AD VAL OREM is a tariff determined as a percentage of the value of the goods.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.