AccountingCode 9706
Adjustments to draft financial statements
What this topic asks you to be able to do
- for each of these, how to calculate the adjustment required, record it, and show its effect on the financial statements: accruals and prepayments of income and expenses; irrecoverable debts, irrecoverable debts recovered and the allowance for irrecoverable debts; depreciation; inventory valuation; the correction of errors