Financial Statements with Adjustments - Class 11 | All Adjustments | Class - 11 | Accounts

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Financial Statements with Adjustments - Class 11 | All Adjustments | Class - 11 | Accounts

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Explanation of Adjustments of Financial Statements :
1) Closing Stock
2) Outstanding Expenses or unpaid Expenses
3) Prepaid Expenses or Expenses paid in advance
4) Depreciation
5) Accrued Income
6) Unearned Income or Income receive in advance
7) Interest on Capital
8) Interest on Drawings
9) Interest on Loan
10) Bad - debts
11) Provision for Bad and doubtful debts
12) Provision for Discount on Debtors
13) Abnormal Loss
14) Charity in the form of goods
15) Goods distributed as Free samples
16) Drawings in goods
17) Deffered Revenue Expenditure
18) Manager's Commission on Net Profit
19) Capital Expenditure treated as Revenue Expenditure
20) Goods sold and despatched but omitted to be recorded
21) Goods Purchased but omitted to be Recorded
22) Sale of Goods on Approval Basis or Sale of Goods Sale or Return Basis
All Adjustments of Financial Statements
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Financial Statements with Adjustments - Class 11 | All Adjustments | Class - 11 | Accounts

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