In a dual entry accounting system, entries are made in debit and credit columns. Increases in assets -- the things you own -- and expenses are entered in the debit column, while liabilities -- or ...

You make adjusting entries in your accounting records at the end of an accounting period to account for revenues and expenses that you have earned or incurred but not yet recorded. Adjusting entries ...

Closing the books on an accounting period is a lengthy and complex process. No matter how complex, it needs to start somewhere. For every company, big or small, it starts with a trial balance. This is ...