ADJUSTMENT Definition

Bookmark and Share

ADJUSTMENT can be either: 1. an increase or decrease to an account resulting from ADJUSTING ENTRIES; or, 2. changing an account balance due to some event, e.g., adjustment of an account due to the return of merchandise for credit.

Learn new Accounting Terms

SALES ALLOWANCE is an offer of a lower price as an inducement to the buyer to accept delivery under special circumstances, e.g. when the merchandise delivered is not exactly what was ordered.

MARKETABILITY is the ability to quickly convert assets to cash at minimal cost.

Suggest a Term

Enter Search Term

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