Dictionary of Accounting Terms: adjustment
adjustment
- increase or decrease to an account resulting from an adjusting journal entry. For example, the accrual of wages at year-end will cause an increase in both salary expense and salary payable.
- changing an account balance because of some happening or event. For example, a customer who returns merchandise ill receive a credit adjustment to the account.
Dictionary of Banking Terms: adjustment
adjustment
accounting entry for ledger entries not previously posted and transferred to subsidiary accounts, or to correct bookkeeping errors. In computation of equity capital, a bank writes down the book value, or original value, of loans when they were made by 100% for loans classified as LOSS, and 50% for doubtful loan, with the difference being charged to the loan loss reserves for bad debt.
Dictionary of Marketing Terms: adjustment
adjustment
in fulfillment, change made to a computer file record. An adjustment to a customer file record is usually made in response to a complaint or clarification from a customer.
