Asked by Tommy Grias on Jun 24, 2024
Verified
Recorded the adjustment for supplies used during the month
Subsidiary Ledger
A detailed ledger that contains account information to support the main general ledger accounts.
Adjustment For Supplies
An accounting entry made to account for the change in the supplies' value over a certain period, ensuring the correct expense is recognized.
Recorded The Adjustment
The process of making entries to correct accounts or to account for transactions that have been missed in the financial records.
- Gain a clear understanding of the different journals and ledgers employed in the accounting field.
- Understand the procedure and importance of making adjustments in accounting.
Verified Answer
SK
Learning Objectives
- Gain a clear understanding of the different journals and ledgers employed in the accounting field.
- Understand the procedure and importance of making adjustments in accounting.