covering entry

简明释义

详细分录

英英释义

例句

1.To finalize the budget report, a covering entry was recorded for the unexpected expenses.

为了最终确定预算报告，记录了一个covering entry以应对意外支出。

2.Before closing the books, we need to add a covering entry for the outstanding invoices.

在结账之前，我们需要为未结发票添加一个covering entry。

3.In the ledger, the covering entry was necessary to correct an error from the last transaction.

在分类账中，covering entry是必要的，以纠正上次交易中的错误。

4.The accountant made a covering entry to adjust the previous month’s financial records.

会计做了一个covering entry来调整上个月的财务记录。

5.The auditor requested a covering entry to clarify discrepancies in the accounts.

审计员要求提供一个covering entry以澄清账户中的差异。

作文

In the realm of business and finance, understanding various terminologies is crucial for effective communication and decision-making. One such term that often arises in discussions about accounting and financial reporting is covering entry. A covering entry refers to a journal entry made to offset or balance out another entry in the accounting records. This concept is particularly important when correcting errors or adjusting accounts to reflect accurate financial information. For instance, if a company mistakenly overstates its revenue in a particular period, a covering entry would be necessary to correct this mistake by reducing the revenue figure appropriately.The process of creating a covering entry typically involves identifying the original entry that needs adjustment. Once the error has been pinpointed, the accountant will prepare a new entry that counteracts the effect of the original one. This ensures that the financial statements present a true and fair view of the company's financial position. The importance of covering entry cannot be overstated, as inaccuracies in financial reporting can lead to significant consequences, including misinformed decision-making by stakeholders and potential legal issues.Moreover, covering entry is not limited to just correcting errors. It can also be used in various financial scenarios, such as when reclassifying expenses or revenues to adhere to accounting standards or company policies. For example, if an expense was initially recorded in the wrong category, a covering entry can help reallocate that expense to the correct account, ensuring that financial reports are accurate and compliant with regulations.In addition to its practical applications, the concept of covering entry highlights the importance of meticulous record-keeping in accounting. Accurate entries are essential for maintaining the integrity of financial data, and the ability to make covering entrys as needed demonstrates a company's commitment to transparency and accountability. Businesses that prioritize accurate financial reporting are more likely to gain the trust of investors, customers, and regulatory bodies.Furthermore, the creation of covering entrys is a common practice in the closing process at the end of an accounting period. During this time, accountants review all entries to ensure that everything is correctly recorded. If discrepancies are found, covering entrys are created to rectify these issues before finalizing the financial statements. This diligence is essential for producing reliable financial reports that stakeholders can depend on.In conclusion, the term covering entry plays a vital role in the field of accounting and finance. It serves as a tool for correcting errors, reallocating funds, and ensuring compliance with accounting standards. By understanding and utilizing covering entrys effectively, businesses can maintain accurate financial records and uphold their reputation in the marketplace. As the financial landscape continues to evolve, the significance of covering entry will remain a fundamental aspect of sound financial management and reporting practices.

在商业和金融领域，理解各种术语对于有效沟通和决策至关重要。其中一个经常在会计和财务报告讨论中出现的术语是covering entry。covering entry指的是为了抵消或平衡会计记录中的另一项条目而进行的日记账条目。这个概念在纠正错误或调整账户以反映准确的财务信息时尤为重要。例如，如果一家公司在某一期间错误地夸大了其收入，则需要进行covering entry以适当地减少收入数字。创建covering entry的过程通常涉及识别需要调整的原始条目。一旦错误被确定，会计人员将准备一个新的条目，以抵消原始条目的影响。这确保财务报表真实、公正地反映公司的财务状况。covering entry的重要性不容小觑，因为财务报告中的不准确可能导致重大后果，包括利益相关者的错误决策和潜在的法律问题。此外，covering entry不仅限于纠正错误。它还可以用于各种财务场景，例如在重新分类费用或收入以遵守会计标准或公司政策时。例如，如果一项费用最初记录在错误的类别中，可以使用covering entry将该费用重新分配到正确的账户，从而确保财务报告的准确性和合规性。除了其实际应用外，covering entry的概念还突显了会计中细致记录的重要性。准确的条目对于维护财务数据的完整性至关重要，而根据需要进行covering entry的能力表明公司对透明度和问责制的承诺。优先考虑准确财务报告的企业更有可能赢得投资者、客户和监管机构的信任。此外，在会计期间结束时，创建covering entry是一种常见做法。在此期间，会计人员会审核所有条目，以确保所有内容均已正确记录。如果发现差异，则会创建covering entry以在最终确定财务报表之前纠正这些问题。这种勤奋对于生成可靠的财务报告至关重要，利益相关者可以依赖这些报告。总之，covering entry这一术语在会计和金融领域发挥着重要作用。它作为纠正错误、重新分配资金和确保遵守会计标准的工具。通过有效理解和利用covering entry，企业可以保持准确的财务记录，并维护其在市场上的声誉。随着金融环境的不断发展，covering entry的重要性将始终是健全财务管理和报告实践的基本方面。