About adjustment entries & Contents

anandfriends29 · #1 Nov 6, 2009, 10:32 PM

What is adjustment entries & what the contents of adjustment entries.

rehmanvohra · Nov 7, 2009, 03:18 AM

Adjustment entries are made to bring the records up to date and accurate following the accruals principle as well as matching principle. The contents of adjusting entries are:

1. Prepayments
2. Accruals
3. Depreciation
4. Amrtization



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