Year-End Adjustments
Principles of Accounts · Secondary 4 · Financial Statements of a Sole Proprietor · 3.º Período

Year-End Adjustments

Incorporate year-end adjustments such as depreciation and accruals into the financial statements.

MOE Syllabus OutcomesMOE Syllabus 7087 Section 6.5

About This Topic

Incorporate year-end adjustments such as depreciation and accruals into the financial statements.

Key Questions

  1. Why are year-end adjustments necessary?
  2. How do adjustments affect both the income statement and balance sheet?
  3. What happens if adjustments are omitted?

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