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

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asked Dec 13, 2023 106k views

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NeoID · Answer 1 · 2023-12-20T18:44:30+0000

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.

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

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