pinkfreckle3020
pinkfreckle3020 pinkfreckle3020
  • 12-09-2022
  • Mathematics
contestada

What is the difference between adjusting entries and correcting entries? explain

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Kaurol
Kaurol Kaurol
  • 12-09-2022

Answer:

In short, the difference between adjusting entries and correcting entries is that adjusting entries bring financial statements into compliance with accounting frameworks, while correcting entries fix mistakes in accounting entries.

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