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In accounting, adjusting entries are journal entries usually made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred. The revenue recognition principle is the basis of making adjusting entries that pertain to unearned and accrued revenues under accrual-basis accounting. They are ...
In psychology, adjustment is the condition of a person who is able to adapt to changes in their physical, occupational, and social environment. [1] In other words, adjustment refers to the behavioral process of balancing conflicting needs or needs challenged by obstacles in the environment.
A general journal is a daybook or subsidiary journal in which transactions relating to adjustment entries, opening stock, depreciation, accounting errors etc. are recorded. The source documents for general journal entries may be journal vouchers, copies of management reports and invoices.
A journal entry is the act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company's debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit. The total of the debits must equal the ...
Closing entries are journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts. An "income summary" account may be used to show the balance between revenue and expenses , or they could be directly closed against retained earnings where dividend payments will be deducted from.
Mathematically, ANCOVA decomposes the variance in the DV into variance explained by the CV(s), variance explained by the categorical IV, and residual variance. Intuitively, ANCOVA can be thought of as 'adjusting' the DV by the group means of the CV(s). [1] The ANCOVA model assumes a linear relationship between the response (DV) and covariate (CV):
The anchoring effect was also found to be present in a study [8] in the Journal of Real Estate Research in relation to house prices. In this investigation, it was established that the 2-year and 9-year highs on the Case-Shiller House Price Index could be used as anchors in predicting current house prices. The findings were used to indicate that ...
Maladjustment is a term used in psychology to refer the "inability to react successfully and satisfactorily to the demand of one's environment". [1] The term maladjustment can be referred to a wide range of social, biological and psychological conditions. [2] Maladjustment can be both intrinsic or extrinsic.