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1 - General journal entry
2 - Adjusting journal entry
3 - Month end adjusting entry

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1 - General journal entry
2 - Adjusting journal entry
3 - Month end adjusting entry

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You would reverse the journal entry then record the correct entry.

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what is entry of closing stock in p & L a/c & balance sheet

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Adjusting entries are made for different reasons like errors in previous journal entries or adjustment at month end or year end for accruals etc.

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Debit bad debts
Credit accounts receivable

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