Outrageously Funny Word Dictionary :: Reitemized

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What is the definition of reitemized? 🙋

👉 In accounting, a reitemization refers to the process of adjusting accounts for changes in values or amounts. This adjustment is often made when an item's cost or value has been changed by an event that occurred after the period being audited. Reitemizations are primarily used in financial statements to adjust for changes in items' costs or values, such as depreciation, amortization, or interest expense. They help in maintaining a consistent and accurate accounting balance over time, ensuring that transactions are recorded accurately and


reitemized

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