Final Account with Adjustment
Adjustments in preparation of financial statements with
respect to closing stock, outstanding expenses, prepaid
expenses, accrued income, income received in advance,
depreciation, bad debts, provision for doubtful debts,
provision for discount on debtors, Abnormal loss, Goods
taken for personal use/staff welfare, interest on capital
and managers commission.
Preparation of Trading and Profit and Loss account and
Balance Sheet of a sole proprietorship with adjustments.