Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Discover in-depth solutions to your questions from a wide range of experts on our user-friendly Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
Good record entry is important in business, adjusting entries will include record of goods that was previously purchased.
What is Journal entry?
Journal entry contains business details or data to a single business transaction. It includes the date, the amount payable for a particular good and the amount to be debited.
Adjusting entries include records that has changes to accounts that are not otherwise accounted for in the journal earlier.
Therefore, Adjusting entries will record taking a discount when paying for goods previously purchased.
Learn more on Journal entry here,
https://brainly.com/question/14279491
Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.
