Loading
Precedente Previous slide Next slide Successivo

Modifiche del saldo giorno

  • Study Reminders

    Set your study reminders

    We'll email you at these times to remind you to study

    You can set up to 7 reminders per week

    You're all set

    We'll email you at these times to remind you to study

    Monday

    -

    7am

    +

    Tuesday

    -

    7am

    +

    Wednesday

    -

    7am

    +

    Thursday

    -

    7am

    +

    Friday

    -

    7am

    +

    Saturday

    -

    7am

    +

    Sunday

    -

    7am

    +
  • Note di Apprendimento
  • Revisione degli argomenti
    Wendy C.
    AU
    Wendy C.

    In Balance Day Adjustments the 'Asset' approach to expense recognition and the initial payment is treated as an asset rather than an expense. This approach ensures that there are no reversing entries involved as only that portion of the payment to be treated as an expense is deducted from the 'asset'.

    Samuel F.
    ZA
    Samuel F.

    What is the difference between adjusting entries and closing entries?

    Samuel F.
    ZA
    Samuel F.

    When do you adjust the amount of prepaid expenses?

    Harrison A.
    AT
    Harrison A.

    Adjustments entries are made at the end of the organisation accounting period. That's before preparing the organisation financial statements. In order for a company's accounting records and financial statements to be up to date on the accrual basis of accounting. For example, each day the organisation incures wages expense but the payroll involving works wages for the last days of the month won't be entered in the accounting records until after the accounting period ends. Similarly, the organisation uses electricity each day but receives only one bill per month,Perhaps on the 20th day of the month. The electricity expenses for the 10-15 days of the month must go into the accounting records if the financial statements are to show all the expenses and the amounts owed for the organisation current accounting period. Other adjusting entries involve amounts that the organisation or company paid prior to amounts becoming expenses.

    Harrison A.
    AT
    Harrison A.

    What are reversing entries and why are they used?

    Zachary B.
    US
    Zachary B.

    What are balance day adjustments?

    Zachary B.
    US
    Zachary B.

    What are some unique balance day adjustments?

    Diamond T.
    US
    Diamond T.

    When do you adjust the amount of prepaid expenses?

    Douglas R.
    US
    Douglas R.

    Balancing daily adjustments for advertising has it's ledger's.

    Erick V.
    PE
    Erick V.

    Es necesario tener la información fidedigna para la elaboración de estados financieros y realizar en ellos los ajuste que se requieran, analizando los periodos de vencimientos sean esto 20 25 o 30 da cada mes

  • Text Version
Notification

You have received a new notification

Click here to view them all