This paper is on Adjusting the Accounts. Adjusting entries are made within your accounting journals right at the end of the accounting period of time. Adjusting entries are made from a trial balance is prepared. The goal of adjusting entries is to adjust profits and costs for the accounting period of time during which they actually occurred. Soon after adjusting entries are made inside the sales journals, they are submitted for the general ledger such as as some other accounting journal entry.
Lecture on Adjusting the Accounts
