Adjusting Entries are an essential part of the close process in Financial Accounting. This mini-series kicks off with an introduction to Adjusting Entries. This is then followed up with dedicated videos covering worked examples from each type.
▪ Intro to Adjusting Entries | Prepayments and Accruals
▪ Prepaid Expenses
▪ Deferred Revenue
▪ Accrued Expenses
Adjusting entries in accounting, which are journal entries that are posted at the end of each accounting period to align the books with the accrual basis of accounting.
The accrual basis of accounting
For example, When the steps of transaction happens on different accounting period
