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Adjusting Entries (Topic Outline)

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Read our Explanation (4 Parts) Free

Our Explanation of Adjusting Entries gives you a process and an understanding of how to make the adjusting entries in order to have an accurate balance sheet and income statement. Eight examples including T-accounts for the 16 related general ledger accounts provide makes this topic easier to master.

Part 1Introduction to Adjusting Entries
Part 2Adjusting Entries - Asset Accounts
Part 3Adjusting Entries - Liability Accounts
Part 4Accruals & Deferrals, Avoiding Adjusting Entries
Take our Practice Quiz Free

This 65-question quiz is a fast way to assess your understanding of the Adjusting Entries Explanation. It's also a great warmup for our Quick Tests.

Review our Visual Tutorial

Our visual tutorial for the topic Adjusting Entries shows you how every adjusting entry will impact both the balance sheet and the income statement. We demonstrate a simple technique with several examples.

Watch our Bookkeeping Video Training

Our bookkeeping videos will help you deepen your understanding of debits and credits, general ledger accounts, double-entry bookkeeping, adjusting entries, bank reconciliation, and more. This video training consists of 13 videos of approximately 10 minutes each.

Review our Q&A Free

We've answered 134 popular questions related to the topic Adjusting Entries. Review them all or use the search box found at the top of each page of our website for your specific questions.

Review our Flashcards

Our flashcards for the topic Adjusting Entries will help you master key terms and definitions. You can view them on any device or print them out.

Solve our Word Scramble Free

If you find Adjusting Entries terminology difficult, this Word Scramble will provide clues (scrambled answers) to assist you.

Solve our Crossword Puzzle #1 Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Adjusting Entries in a more fun format.

Solve our Crossword Puzzle #2 Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Adjusting Entries in a more fun format.

Solve our Crossword Puzzle #3 Free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Adjusting Entries in a more fun format.

Review our Cheat Sheet

Our Adjusting Entries Cheat Sheet provides examples of the typical accrual, deferral, and other adjusting entries. An example of a reversing entry is also included.

Take our Quick Test #1

This graded 40-question test measures your understanding of the topic Adjusting Entries. Our quick tests will help you discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.

Take our Quick Test #2

This graded 30-question test measures your understanding of the topic Adjusting Entries. Our quick tests will help you discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.

Take our Quick Test #3

This graded 40-question test measures your understanding of the topic Adjusting Entries. Our quick tests will help you discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.

Take our Quick Test #4 with Coaching

This graded 30-question test provides coaching to guide you to the correct answers. Use our coaching to learn the WHY behind each answer and deepen your understanding of the topic Adjusting Entries.

Earn our Adjusting Entries Certificate of Achievement

Unless a company’s financial statements are adjusted at the end of each accounting period, they will not present the true profit, assets, liabilities, etc. Passing our certificate exam will allow you to gain confidence and distinguish yourself. You will become more valuable as you prepare to pass this 40-question exam.

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Certificates of Achievement

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Certificates of Achievement
  • Debits and Credits
  • Adjusting Entries
  • Financial Statements
  • Balance Sheet
  • Income Statement
  • Cash Flow Statement
  • Working Capital and Liquidity
  • Financial Ratios
  • Bank Reconciliation
  • Payroll Accounting
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Cheat Sheets
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Certificate - Debits and Credits
Certificate - Adjusting Entries
Certificate - Financial Statements
Certificate - Balance Sheet
Certificate - Income Statement
Certificate - Cash Flow Statement
Certificate - Working Capital
Certificate - Financial Ratios
Certificate - Bank Reconciliation
Certificate - Payroll Accounting

About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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