🔤 Adjustment Account ✨
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URDU
🅰️
Roman Urdu:
hisab barabari ka khata, adjustment account
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ENGLISH
📚noun phrase
adjustment account
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PRONUNCIATION
Standard: /əˈdʒʌstmənt əˈkaʊnt/
Phonetic: /uh just munt uh kownt/
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DEFINITION
an accounting entry or ledger account used to record corrections, reconciliations, or timing adjustments in financial ledgers
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EXAMPLE SENTENCES
The accountant transferred the discrepancy amount directly to the adjustment account.
At the end of the fiscal year, temporary balances are moved to the adjustment account.
Auditors reviewed every entry logged inside the general adjustment account.
Depreciation charges were reconciled through the central adjustment account.
Errors in ledger entries were corrected by debiting the adjustment account.
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SYNONYMS
reconciliation account suspense account correction account
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