Examlex
Use the present value table to complete:
Adjustment For Supplies
An accounting entry made to account for the change in the supplies' value over a certain period, ensuring the correct expense is recognized.
Recorded The Adjustment
The process of making entries to correct accounts or to account for transactions that have been missed in the financial records.
Subsidiary Ledger
A detailed ledger that supports and breaks down the information summarized in a general ledger.
Paid For Equipment
Refers to the cash outflow for the purchase of equipment, considered a capital expenditure in accounting.
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