why what adjustments are made at the end of the year???
Answers
Answered by
1
Year-end adjustments are changes that need to be made to the balance sheet and profit and loss statement in order to ensure that the year-end reports are an accurate reflection of the company's accounts. ... Adjustments are necessary as financial reporting throughout the year will be made on an accruals basis.
Answered by
1
Explanation:
Year-end adjustments are changes that need to be made to the balance sheet and profit and loss statement in order to ensure that the year-end reports are an accurate reflection of the company's accounts. ... Adjustments are necessary as financial reporting throughout the year will be made on an accruals basis.
Similar questions