Asked by
Megan Elsarji
on Oct 16, 2024Verified
An adjusting entry often includes an entry to Cash.
Adjusting Entry
An accounting journal entry made at the end of an accounting period to allocate revenue and expenses to the correct periods.
Cash
Money in the form of coins or banknotes, especially that issued by a government.
- Understand the concept and purpose of adjusting entries in accounting.
Verified Answer
SC
Learning Objectives
- Understand the concept and purpose of adjusting entries in accounting.