Adjusting Entries Why Do We Need Adjusting Journal Entries?

  1. Adjusting Entries Why Do We Need Adjusting Journal Entries?

Adjusting Entries Why Do We Need Adjusting Journal Entries?

The intend of adjusting entries is to change money transactions inter the accrual accounting method. Accrual accounting is based on the income foresight source that seeks to identify income in the time in which it was earned, sooner_than sooner_than the time in which money is received.