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Thursday, April 22, 2010

List of Important Adjustments

  1. Outstanding Expenses
  2. Prepaid Expenses
  3. Accrued Income
  4. Advance Income
  5. Closing Stock
  6. Depreciation on Fixed Assets
  7. Interest on Capital
  8. Interest on Drawing
  9. Bad Debts
  10. Provision for Bad Debts
  11. Provision for Discount on Debtors
  12. Provision for Discount on Creditors
  13. Goods Lost by Accident
  14. Drawing in Goods
  15. Goods used in Business
  16. Interest on Loan
  17. Commission Payable to Managers
  18. Taxation

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