journal entries can be prepared at any time.there is no particular time/day/month/year.only if it is mentioned in question we prepare it according to given data.
It is important to make adjusting journal entries as there may be some mistakes in original entries or company may created accrual entries which needs adjustments at the end of month or accounting period.
Please provide me the list of closing journal entreis requried to enter in books to finalize the P&L and B&S
Journal entries are recorded as soon as financial transaction occures while adjusting entries are made to rectify the previously made journal entries.
Retained earnings
what the journal entries of stationery at hand
Adjusting entries are made for different reasons like errors in previous journal entries or adjustment at month end or year end for accruals etc.
Journal Entries recorded to update general ledger accounts at the end of a fiscal period are called adjusting entries.
closing entries
closing entries
closing entries
It is important to make adjusting journal entries as there may be some mistakes in original entries or company may created accrual entries which needs adjustments at the end of month or accounting period.
Please provide me the list of closing journal entreis requried to enter in books to finalize the P&L and B&S
Journal entries are recorded as soon as financial transaction occures while adjusting entries are made to rectify the previously made journal entries.
Retained earnings
what the journal entries of stationery at hand
Adjusting entries is the name for journal entries that serve the purpose of making the accounts current. Usually, the entry is made just prior to when a company issues its financial statements.
Adjusting and Closing Entries.