Question

account
How to do adjustment entries in accounts will someone explain please​

Answer 1

Explanation:

Adjusting entries are accounting journal entries that convert a company's accounting records to the accrual basis of accounting. An adjusting journal entry is typically made just prior to issuing a company's financial statements.

Answer 2

Answer:

ya sure

Explanation:

dekho 1st tum question may Jitna bhi adjustment hai wo ak bar read karlo

then trial balance may pencil sa mark larko jis ma adjustment hai

then trading and PL account and balance sheet may Putt karo but those which are marked uska bad 2 line minimum chordena for adjustment

adjustment are made at minimum two places or more than that

at first you will have closing stock as it is given outside the trial balance you should make the entry of IT in trading account and in asset sides of balance sheet

then other adjustments are to be made like that in depreciation

you have to first depreciate the amt. from the machine or the building then you have to make an entry in the debit side of PL account only in case of depreciation

in case of outstanding

you have to add the outstanding amount with which it is said and then make an entry by saying outstanding salary for outstanding wages for outstanding rent at the liabilities side of balance sheet

increase of your bad that a provision for that bad that a discount for bad Dept

you should less the amount and then enter it in the debit side of trading account

managers Commission

you should first find the net profit then after putting the value in PL account you should sum total the amount then find the net profit but do not make its entry find the percentage of managers commission from that net profit now make the entry of managers commission in the PL account then less the amount from the net profit and make the entry of net profit

it is to be noted that adjustments are to be made at two different places either in balance sheet or PL account

all in PL account and trading account all in trading account and balance sheet

I hope this will help you

if you have any questions about it u can ask me