🔒 Closed SIMPLE ADJUSTING ENTRIES FOR PROFIT & LOSS

[ynnskie2018]

1. Are accounting journal entries made at the end of the accounting period.
2. Enable you to adjust revenues and expenses to the accounting period within which they occurred.

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Accounts that require basic accounting adjusting entries:
a. Accrued revenues
b. Accrued expenses
c. Unearned revenues
d. Prepaid expenses
e. Depreciation

Other types of accounting adjusting entries:
1. Bad debt expense adjusting journal entries
2. Asset impairment adjusting entries
3. Working capital adjustment journal entries
4. Entries to adjust cash balances for reconciling items
5. WIP adjustment journal entries.

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[Well1AmNichtDiePerson]

Salamat sa tutorial.

I-link ko ang post mo dito sa post.