4 types of adjusting entries in accounting

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Answered 4 months ago

Let us define each concept:

Adjusting entries refer to the changes to be made in the already recorded accounting books, which allows an accurate balance in the company's accounts.

The four types of adjusting entries are:

Accrued	Deferred
Expenses	Expenses
Revenue	Revenue

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accounting
What does adjusting entries mean in accounting?
accounting
All of the following are types of adjusting entries except

a. depreciation. b. deferrals. c. accruals. d. transactions.
accounting
Why are adjusting entries necessary under accrual-basis accounting?
accounting
Where are adjusting journal entries recorded?
accounting
List the steps of the accounting cycle in their proper order.

a. Analyzing transactions and events.

b. Posting the journal entries.

c. Journalizing and posting adjusting entries

d. Preparing the adjusted trial balance.

e. Journalizing and posting closing entries

f. Preparing the financial statements.

g. Preparing the unadjusted trial balance

h. Journalizing transactions and events

1/3

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4 types of adjusting entries in accounting

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