Adjusting Entries | Accounting

#adjustingentries #accounting #simplyknow This video explains what adjustment entries are and why adjustment entries are so important. Entries that are required to present the financial statements with the most relevant and accurate figures are called adjusting entries. These adjustment entries are used to adjust the values of assets, liabilities, income and expense accounts according to the accounting period. The general journal is used to record the adjustment entries. 🎬 To watch the whole playlist of adjustment entries, check out the below link    • Adjusting Entries   🎬 To watch the whole playlist of basic accounting, check out the below link    • Basic Accounting