Definitions for "Adjusting entries"
Non-transaction changes in assets and liabilities and the offsetting changes in revenue and expense items required to meet the earnings and use criteria established under the accrual basis of accounting.
Entries required at the end of the period to update the accounts before the financial statements are prepared
Entries required at the end of each accounting period to recognize, on an accrual basis, revenues and expenses for the period and to report proper amounts for asset, liability, and owners' equity accounts.