Dodatkowe przykłady dopasowywane są do haseł w zautomatyzowany sposób - nie gwarantujemy ich poprawności.
In such case, use of the general journal may be limited to non-routine and adjusting entries.
Most adjusting entries could be classified this way:
At the end of each accounting cycle, adjusting entries are made to charge uncollectible receivable as expense.
See also adjusting entries.
Adjusting Entries Explanation with examples.
Adjusting entries for prepayments are necessary to account for cash that has been received prior to delivery of goods or completion of services.
The revenue recognition principle is the basis of making adjusting entries that pertain to unearned and accrued revenues under accrual-basis accounting.
In accounting/accountancy, adjusting entries are journal entries usually made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
They usually include payables such as wages, accounts, taxes, and accounts payable, unearned revenue when adjusting entries, portions of long-term bonds to be paid this year, short-term obligations (e.g. from purchase of equipment).
By recording the cost of goods sold for each sale, the periodic inventory system alleviated the need for adjusting entries and calculation of the goods sold at the end of a financial period, both of which the perpetual inventory system requires.
"Andersen identified material misstatements of assets that do not appear in the year-end summary of proposed adjusting entries, and therefore were not included in their assessment of the truth and fairness of the financial statements of HIH," Mr. Lombe wrote.
Słownik finansowy