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Adjusting entries explanation, purpose, types, examples

Adjusting entries, also called adjusting journal entries, are journal entries made at the end of a period to correct accounts before the financial statements are prepared. Adjusting entries are most commonly used in accordance with the matching principle to match revenue and expenses in the period in which they occur. Sometimes companies collect cash from their customers for goods or…

What Is Risk Management & Why Is It Important?

The best way to manage business risk is to maintain an adequate level of capital. A company with adequate financial resources can more effectively weather internal storms, such as updating or replacing replace faulty machinery or systems. Also, companies with proper funding can ride out unforeseen risks, such as a recession or political problems. For example,…

Fastest Way to Detox from Weed: 6 Effective Methods for a Quick Cleanse

Part of the metabolites in the intestines is reabsorbed back into the blood by enterohepatic circulation. There are many other metabolites and enzymes involved in the process. After that, the THC and its metabolites are slowly released back into the blood. During water intoxication, levels of vital electrolytes in the blood drop dangerously low. For…