anandfriends29
Nov 6, 2009, 11:32 PM
What is adjustment entries & what the contents of adjustment entries.
rehmanvohra
Nov 7, 2009, 04:18 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