🔤 Adjusting Entry ✨
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URDU
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Roman Urdu:
accounting ki tanzeemi indraj, adjusting entry
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ENGLISH
📚noun phrase
adjusting entry
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PRONUNCIATION
Standard: /əˈdʒʌstɪŋ ˈɛntri/
Phonetic: /uh just ing en tree/
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DEFINITION
an accounting journal entry made at the end of an accounting period to allocate income and expenditures to the period in which they occurred
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EXAMPLE SENTENCES
The accountant prepared an adjusting entry to record accrued expenses.
Every adjusting entry ensures that revenue matches period expenses.
An adjusting entry is necessary to account for asset depreciation.
Review each adjusting entry before closing the annual ledger.
Unearned revenue requires a routine adjusting entry at month-end.
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SYNONYMS
balance entry journal adjustment accrual entry
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