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Accounting Adjustments

What are Accounting Adjustments?

what is accounting process and adjusted trial balanceAccounting adjustments are accounting entries prepared to adjust or close the ledger account balances.

So these make the final accounts ready for the ‘balance day’!

Because of this, they are called ‘balance day adjustments‘.

Now learn from this infographic to see where accounting adjustments fit into the accounting process.

Return to Accounting Questions and Answers here.

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What are Prepayments and Accruals? Prepayments and accruals adjust financial accounts at the balance day for amounts that cross-over the …

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Jan'18

What are Adjustments?

What are Adjustment entries? What is an Adjusted Trial Balance? Accounting adjustments are journal entries or adjusting entries. They are …

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