Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 16 - No. 41)
Which of the following are necessary end of period adjustments?
Recording depreciation.
Recording accruals.
Recording prepayments.
Closing the income statement accounts.
Explanation
End of period adjustments include depreciation, accruals, and prepayments to ensure financial statements accurately reflect the current financial position.
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