Keyword Analysis & Research: reclassification adjustment journal entry
Keyword Analysis
| Keyword | CPC | PCC | Volume | Score | Length of keyword |
|---|---|---|---|---|---|
| reclassification adjustment journal entry | 1.84 | 0.2 | 7958 | 25 | 41 |
| reclassification | 0.69 | 0.1 | 8490 | 5 | 16 |
| adjustment | 0.69 | 0.8 | 3762 | 13 | 10 |
| journal | 0.71 | 0.7 | 673 | 16 | 7 |
| entry | 0.12 | 0.8 | 4692 | 2 | 5 |
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Frequently Asked Questions
Which is true about an adjusting entry?
The purpose of adjusting entries is to assign appropriate portion of revenue and expenses to the appropriate accounting period. By making adjusting entries, a portion of revenue is assigned to the accounting period in which it is earned and a portion of expenses is assigned to the accounting period in which it is incurred.
