Accountancy, asked by saravanans98427, 5 months ago

What is adjustment in final account?

Answers

Answered by sumit717bhardwaj

Answer:

Adjustment is the process of adjusting outstanding and prepaid expenses and incomes, depreciation of assets, bad debt, interest on capital and drawings etc., into the final accounts. The aim of adjustments is to include in or exclude all the expenses and incomes related to the trading period in the final accounts.

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