Listing Of Some Adjustments To Final Accounts And Balance Sheet

October 17th, 2008 Comments off
Share |

Once a Trial Balance has been extracted, next it is necessary to adjust the ledger accounts before preparing the final accounts and Balance Sheet

 

APPEND BELOW SOME OF THE ADJUSTMENTS TO THE FINAL ACCOUNTS AND BALANCE SHEET

Expenses paid in advance/ Prepayments

Expenses incurred but have not been paid

Income received in Advance

Accruing Income

Bad Debts written off and provision for doubtful debts

Provision for sales discount

Provision for purchases discounts

Depreciation  and provision for depreciation

 

Accounting Test Question No AOF 1 On Adjustments To Final Accounts

 

 

Answer to Accounting Test Question No AOF 1 On Adjustments To Final Accounts

 

 

 

Comments are closed now.

Financial Accounting

 
 

Advertise Here | Brain Teasers/Puzzles | Greeting Cards | Inspirational Quotes | Jokes/Humor | Useful Links | Motivational Stories | Resource | Shopping | Share/Express Your Views | Testimonials | Universities/Colleges | Words of Wisdom from Religions | FREE POSTING OF ACCOUNTING & FINANCE JOBS VACANCY|