Word.ws English Dictionary

adjustment account

adjustment account noun: an account used in double-entry bookkeeping to represent the other side of adjustments that need to be made.

Noun

adjustment account (plural adjustment accounts)

  1. An account used in double-entry bookkeeping to represent the other side of adjustments that need to be made.
    • lt is also relevant to mention that there would be no effect on the profit of the Corporation even if the liability was written back through 'prior period adjustment account'.1976, Food Corporation of India, Annual Report - Food Corporation of India, page 100
    • […] your adjustment account should be an expense account for reducing inventory and an income account when increasing inventory.2006, Kathy Ivens, Running QuickBooks 2007 Premier Editions, page 49

Examples of adjustment account in a sentence

  • The impact will be disclosed by establishment of an inventory adjustment account and a cost of goods sold adjustment account at the cost basis of the merchandise sold.2008, Bill D. Jarnagin, U.S. Master GAAP Guide, page 622:
  • However, if goods are returned by branch to HO, the loading is cancelled by debit to adjustment account.2016, Sehgal Deepak, Financial Accounting, page 20-3:

Forms of adjustment account

pluraladjustment accounts

Questions about adjustment account

What does adjustment account mean?
Adjustment account means an account used in double-entry bookkeeping to represent the other side of adjustments that need to be made.
How do you use adjustment account in a sentence?
The impact will be disclosed by establishment of an inventory adjustment account and a cost of goods sold adjustment account at the cost basis of the merchandise sold.
What part of speech is adjustment account?
Adjustment account is a noun.
What is the plural of adjustment account?
The plural of adjustment account is adjustment accounts.

Words near adjustment account in the dictionary

  1. adjusting entries
  2. adjusting entry
  3. adjustings
  4. adjustive
  5. adjustment
  6. adjustment account
  7. adjustment accounts
  8. adjustment center
  9. adjustment centers
  10. adjustment disorder
  11. adjustment disordered

Source and license

Adapted from Wiktionary: adjustment account (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.

Last updated:

Cite this entry: “adjustment account.” Word.ws, https://word.ws/adjustment_account. Based on Wiktionary, CC BY-SA 4.0.