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I can explain Adjusting Entries
Month-end fixes that match revenues and expenses to the right period.
Adjusting entries are journal entries made at period end to update accounts for accruals, deferrals, depreciation, and similar items before statements are prepared.
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Build a month-end checklist: prepaid, accruals, depreciation, unearned revenue.
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In plain English, what is Adjusting Entries?
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