meaning of adjusting entries

adjusting entries meaning in Law Dictionary

the last entries published to a balance sheet including costs and revenue sustained which have been adapt to show actual figures which were struggling to be calculated ahead of the end of a fiscal period.

adjusting entries meaning in Business Dictionary

Bookkeeping entries posted after an accounting duration (the total amount sheet day) to assign costs towards duration in which they certainly were sustained, and revenue on duration for which it absolutely was attained. Adjusting entries are used also to correct entries that may not be accurately made earlier in the day. Also known as correcting entries.