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