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why is is necessary to make adjustment to revenue accounts at the end of the accounting...

why is is necessary to make adjustment to revenue accounts at the end of the accounting period
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According to revenue recognition principle, an organization should record revenue when it has been earned and realized and the goal of adjusting process is to recognize the revenue in the time period in which an organization provides services or delivers the products. The adjustments related to revenue accounts involve recording a portion of payment that a customer paid in advance and recorded as liability in the books of account as revenue earned during the current period or recording revenues related to products or services that an organization earns by the end of accounting period but has not yet been billed to customers.

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