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It is important to record adjusting entries as if it is not done then there is no accurate financial statements will be available.
Adjusting entries have to be made because a company's assets, expenses, and liabilities never stay the same from one accounting period to another. I will try to give you at least two examples of why adjusting entries must be made.Example 1.A customer purchases items on account for the amount of $500. When the sale is first made the company records this transaction in sales and accounts receivable. Let's just say it's the end of the month and the customer pays $250 on the amount she owes. The company must then make the adjusting entries to show that not only did they receive the money, but to show that the customer paid. An adjusting entry for the $250 will be made to CASH and the appropriate Accounts Receivable.If the company did not make this adjusting entry, then the books would show them as not having collected any money from the customer and not only would the customers account be incorrect, the Cash balance for the company would be off.---- Example 2.A company pays for 12 months insurance. Each month part of what they paid expires, they have to make adjusting entries to this as each month of insurance expires to show that they have used that amount. Say the company pays $480 a year, each month $40 of that would expire (or be used up), the company must make adjusting entries to show that this has occurred or their Prepaid insurance account and expenses will not reflect what the company has actually done.
historical cost
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.
IMS
Underwriters are the institutions/individuals who agree to buy the shares of the company in case the company is unable to sell all its shares to the public. For providing this safety, the underwriters charge a commission to the company for providing this service
The company Vodaphone has its headquarters in London, England. The company is a multinational telecommunication company. As of 2011 it was the world's largest telecommunication company.
A Company!
Underwriters are the institutions/individuals who agree to buy the shares of the company in case the company is unable to sell all its shares to the public. For providing this safety, the underwriters charge a commission to the company for providing this service.
Hartford Underwriters Insurance Company, Simsbury, Ct.
IMS
What FSMO are house at a company's headquarter
Headquarters and Headquarters Company.
The company headquarters for Werner Enterprises is located in Omaha, Nebraska, and was founded in 1956. The company works with transportation and logistics.
Fidelity & guaranty ins underwriters inc
Reynolds Metals Company International Headquarters was created in 1958.