An Adjusting Journal Entry (AJE) is an entry in a company’s general ledger that occurs at the end of an accounting period to record any unrecognized income or expenses for the period. AJE’s serve the following functions in Total Office Manager:

  • They adjust balances. This means that they change the amounts that go to financial statements.
  • Reclassifications. These AJE’s move balances from one account to another.

Adjusting Journal Entries

By |2021-07-26T08:30:35-05:00April 28th, 2020|

Introduction This advanced topic explains Journal Entries. They are also known as Adjusting Journal Entries or AJE for short. In traditional accounting, a record of a transaction in which the total amount in the Debit column equals the total amount in the Credit column, and each amount is assigned to an account on the chart

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