Aims and objectives of adjustment in final account of partnership firm
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i.)To give effect to non cash or national incomes and expenses
ii.)Bringing into accounts expenses of current year not yet entered in the books of accounts
iii.)Bringing into accounts incomes of current year not yet recorded in the books of accounts.
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ii.)Bringing into accounts expenses of current year not yet entered in the books of accounts
iii.)Bringing into accounts incomes of current year not yet recorded in the books of accounts.
hope it helps..!
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