Financial Statements Adjustments (Part 1) Further aspects
this video explains the various adjustments made before the financial statements are prepared. How these adjustments affect the income statement and the statement of financial position.
these adjustments include:
prepaid expenses and prepaid incomes
accrued expenses and accrued incomes
Debtors, bad debts, bad debts recovered and provision for doubtful debts
depreciation and disposal of non-current assets
treatment of drawings
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