Adjusting journal entry

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Adjusting journal entry is any journal entry that are needed in order to update specific ledger accounts to reflect correct balances at the end of an accounting period.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Adjusting journal entries. Journal entries that are needed in order to update specific ledger accounts to reflect correct balances at the end of an accounting period.

Related concepts

Related coursework