What Are ‘adjustment Entries’?

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pallavijain
Posts: 1919
Joined: Mon Aug 05, 2019 4:51 pm

Sat Aug 10, 2019 5:34 pm

Answer :

Cost accountancy is the application of costing and cost accounting principles, methods and techniques to the science, art and practice of cost control and the ascertainment of profitability as well as the presentation of information for the purpose of managerial decision making.
grace12
Posts: 1
Joined: Wed Jan 29, 2020 8:55 am

Wed Jan 29, 2020 9:03 am

In simple words,Adjusting entries are journal entries made at the end of an accounting cycle to update certain revenue and expense accounts and to make sure you comply with the matching principle. The matching principle states that expenses have to be matched to the accounting period in which the revenue paying for them is earned.If any assistance required regarding the accounting,journal,vat,taxation,excise related consequences ,consult with the most reliable .They are serving clients and enterprises across the https://www.shuraatax.com/tax-residency-certification-assistance.html globe over a decade.
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