Dear all,
Please suggest me , what are the arjustment entries during the end of financial year
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Arjustment entries at the end of financial year
Replies (1)
you have to pass follwoing entries
1) Closing Stock
2) Depreciation on Asset
3) Treatment for Bad debts and provision for RDD , provision for Discount
4) provisions
5) Outstanding Expenses
6) prepaid Expenses
7) Outstanding income
8) Income received in advance ETC
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