AUDIT ADJUSTMENT Definition

Bookmark and Share

AUDIT ADJUSTMENT is a correction of a financial information misstatement identified by the auditor, whether recorded or not.

Learn new Accounting Terms

NET CURRENT ASSETS see WORKING CAPITAL.

SPECIAL JOURNAL contains records of original entry other than the general journal that are designed for recording specific types of transactions of similar nature, e.g. Sales Journal, Purchase Journal, Cash Receipts Journal, Cash Disbursements Journal, and Payroll Journal.

Suggest a Term

Enter Search Term

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