Adjusting Entries

Business / Accounting / Adjusting Entries: Entries required at the end of each accounting period to recognize, on an accrual basis, revenues and expenses for the period and to report proper amounts for asset, liability, and owners' equity accounts.

K - No Entries

Business / Accounting / K - No Entries: 0 MORE

Adjusting Entries

Business / Accounting / Adjusting Entries: Entries required at the end of each accounting period to recognize, on an accrual basis, revenues and expenses for the period and to report proper amounts for asset, liability, and owners' equity acco MORE

Journal Entries

Business / Accounting / Journal Entries: A term used to describe the transactions recorded in a journal. MORE

Closing Entries

Business / Accounting / Closing Entries: Entries that reduce all nominal, or temporary, accounts to a zero balance at the end of each accounting period, transferring their preclosing balances to a permanent balance sheet account. MORE

Accrued Expenses

Business / Accounting / Accrued Expenses: Expenses that arise through adjusting entries when accounting for unrecorded expenses. MORE

Accrued Liabilities

Business / Accounting / Accrued Liabilities: Liabilities that arise through adjusting entries when accounting for unrecorded liabilities. MORE

Links
Home
Glossary
Thesaurus