Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   Adjusting entries in accounting 101 (https://www.askmehelpdesk.com/showthread.php?t=313630)

  • Feb 5, 2009, 05:39 PM
    acct2009
    Adjusting entries in accounting 101
    Does accrued salaries and depreciation of equipment decrease Net Income if an adjustment is needed?
  • Feb 7, 2009, 09:07 PM
    pready

    Yes, because you will debit an expense account for these adjusting entries.

  • All times are GMT -7. The time now is 11:02 PM.