this process is entering financial data into a journal under a double entry bookkeeping system.
a worksheet is an informal document information is recorded for adjusting trial balances to prepare a financial statement
adjusting entries-bookkeeping entries posted at the end of an accounting period. these also show expenses and revenue. adjusting entries are also able to correct entries that are accurately correct. a closing entry is when a temporary account is reset back to a balance of zero after the fiscal period id over.