09 Jun Adjusting Journal Entry Definition: Purpose, Types, and Example
Posted at 11:28h
in Bookkeeping
Contents:Accrued ExpensesStep 3: Recording deferred revenue10 Adjusting Entry – Examples In a periodic inventory system, an adjusting entry is used to determine the cost of goods sold expense. This entry is not necessary for a company using perpetual inventory. A third classification of adjusting entry occurs...
