Depreciation charged at the end of the accounting period is what type of entry?

Question

Quizplus · Accepted Answer

Depreciation charged at the end of the accounting period is an adjusting entry, which is made to update the accounts for transactions or events that have occurred but have not been recorded at the end of the period. It is necessary to report accurate financial statements and ensure that expenses are matched with the revenue generated during the accounting period.

Depreciation Charged at the End of the Accounting Period Is