what is an adjusted purchase
Answers
Answer:
If it is so, it means that both the opening as well as closing stocks have been adjusted in the purchases. Therefore, the opening stock will not appear in the Trial Balance but only the adjusted purchases and closing stock will appear.
Adjusted purchases means opening stock plus purchases less closing stock. Closing stock has two effects. When one effect is included in trial balance by way of inclusion in adjusted purchases the other should also form part of trial balance.
Explanation:
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Answer:
Adjusted purchases means opening stock plus purchases less closing stock. Closing stock has two effects. When one effect is included in trial balance by way of inclusion in adjusted purchases the other should also form part of trial balance
Explanation:
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