what is Future period and adjustment period?
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Answer / abdullah amer
Adjustments are the transaction cosidered while preparing
final accounts but not considered earlier.
| Is This Answer Correct ? | 3 Yes | 5 No |
Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From
example irr
Depreciation
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