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Definition of Adjusting entry
1. Noun. An accounting entry made at the end of an accounting period to allocate items between accounting periods.
Lexicographical Neighbors of Adjusting Entry
Literary usage of Adjusting entry
Below you will find example usage of this term as found in modern and/or classical literature:
1. Accounting Theory and Practice by Charles Forest Rittenhouse, Philip Francis Clapp (1918)
"An adjusting entry is an entry made prior to determining the net profit or loss
of a certain period in order to adjust certain accounts which do not at that ..."
2. The New Inductive Bookkeeping by Samuel Horatio Goodyear, Carl Coran Marshall, Lloyd Earnest Goodyear (1911)
"Or, supposing that C. Miller is charged for $25 worth of goods that should have
been charged to R. Smith, the adjusting entry would be "R. Smith to C. ..."
3. Bookkeeping for Modern Business by John George Kirk, James Layman Street (1920)
"First, the better method is to make a Correcting or adjusting entry in the journal
when the mistake is discovered. For example, instead of changing the ..."
4. Principles of Accounting by John Raymond Wildman (1913)
"... the adjusting entry necessarily would consist in charging the consignment
account with $500 and crediting the consignor's account in an equal amount. ..."
5. Elements of Accounts by Charles Forest Rittenhouse (1915)
"At the close of the fiscal year, an adjusting entry is made, debiting Income from
Book Fund and ... The adjusting entry may be made monthly if preferred. ..."
6. Journal of the East India Association by East India Association (London, England) (1883)
"The adjusting entry under this head, must therefore have been £1364000. So that
the grants from the revenues for the service are less by £618000 than they ..."
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