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Can you please explain the effect of adjustment in final accounts
Answers (2)
Thread Starter
siva chaitanyaThis adjustment
One fourth of the printing and stationary expenses are prepaid. So, it shall be deducted from Printing expenses and shown on asset side of Balance Sheet. So, if we are given printing and stationary expenses as 10,000. 7,500 will only be shown as expense in P&L; 2,500 will be shown on asset side
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