Ask Me Help Desk
>
Education
>
Homework Help
>
Finance & Accounting
> Adjusting entries in accounting 101
Log in
View Full Version :
Adjusting entries in accounting 101
acct2009
Feb 5, 2009, 05:39 PM
Does accrued salaries and depreciation of equipment decrease Net Income if an adjustment is needed?
pready
Feb 7, 2009, 09:07 PM
Yes, because you will debit an expense account for these adjusting entries.