为你找到 1000 条关于 会计英语-Account Adjustments 的结果
Priortorecordingadjustingentriesattheendofanaccountingperiod,someaccountsmaynotshowproperfinancialstatementamountseventhoughalltransactionswerecorrectlyrecorded.
Asalaryowedtoemployeesisanexampleofanaccruedexpense.
Accruedexpensesreflecttransactionswherecashispaidbeforearelatedexpenseisrecognized.
Theentrytorecordacashreceiptfromacustomerwhentheservicetobeprovidedhasnotyetbeenperformedinvolvesadebittoanunearnedrevenueaccount.
Sincetherevenuerecognitionprinciplerequiresthatrevenuesberecordedwhenearned,therearenounearnedrevenuesinaccrualaccounting.
Depreciationmeasuresthedeclineinmarketvalueofanasset.
Thecashbasisofaccountingcommonlyresultsinfinancialstatementsthatarelesscomparablefromperiodtoperiodthantheaccrualbasisofaccounting.
Thematchingprincipleaimstorecordexpensesinthesameaccountingperiodastherevenueearnedasaresultoftheseexpenses.
Depreciationmeasuresthedeclineinmarketvalueofanasset.
Ifacompanymistakenlyforgottorecorddepreciationonofficeequipmentattheendofanaccountingperiod,thefinancialstatementspreparedatthattimewouldshow:
Theperiodicexpensecreatedbyallocatingthecostofplantandequipmenttotheperiodsinwhichtheyareused,representingtheexpenseofusingtheassets,iscalled:
Theadjustedtrialbalancemustbepreparedbeforetheadjustingentriesaremade.
Incurredbutunpaidexpensesthatarerecordedduringtheadjustingprocesswithadebittoanexpenseandacredittoaliabilityare:
Theentrytorecordacashreceiptfromacustomerwhentheservicetobeprovidedhasnotyetbeenperformedinvolvesadebittoanunearnedrevenueaccount.
Accruedexpensesreflecttransactionswherecashispaidbeforearelatedexpenseisrecognized.