An example of an adjusting entry is revenue which has been billed but not paid yet. (A)
What is an adjusting entry?
In accounting/accountancy, adjusting entries are journal entries usually made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.
What is revenue?
Revenue is the income of an organization and a substantial nature.
What is a bill?
Bill is an invoice that a commercial document issued by a seller to a buyer relating to a sale transaction and indicating the products
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