**Question:**
Financial statement with adjustment question no.3 on page 22.84 requires explanation. Please provide a detailed explanation.

**Answer:**

To provide a detailed explanation of financial statement adjustment question no.3 on page 22.84, let's break it down into the following headings and bullet points:

**Heading 1: Introduction**

In this financial statement adjustment question, we are given a specific scenario or set of transactions that require adjustments to be made in the financial statements. These adjustments are necessary to ensure that the financial statements present a true and fair view of the company's financial position and performance.

**Heading 2: Scenario Description**

The scenario for question no.3 on page 22.84 is not provided in the question itself. Therefore, it is important to refer to the specific scenario or transaction mentioned on that page to understand the nature of the adjustment required.

**Heading 3: Identification of Financial Statements**

Before making any adjustments, it is crucial to identify the financial statements that will be affected by the given scenario or transaction. Generally, the income statement, balance sheet, and cash flow statement are the key financial statements that may require adjustments.

**Heading 4: Analysis of the Scenario**

Carefully analyze the scenario or transaction mentioned on page 22.84 to determine how it impacts the financial statements. Consider the following factors:

1. Nature of the transaction: Understand the nature of the transaction, whether it involves revenue recognition, expense recognition, asset valuation, liability recognition, or any other financial element.

2. Accounting principles and standards: Evaluate the scenario in light of relevant accounting principles and standards to ensure compliance with the reporting requirements.

**Heading 5: Adjustment Entries**

Based on the analysis of the scenario and the identified financial statements, prepare the necessary adjustment entries to reflect the correct financial position and performance of the company. Adjustment entries may involve debits and credits to various accounts, such as revenue, expenses, assets, liabilities, and equity.

**Heading 6: Impact on Financial Statements**

After making the adjustment entries, analyze the impact of these adjustments on the financial statements. Evaluate how the adjustments affect the revenue, expenses, assets, liabilities, and equity reported in the financial statements.

**Heading 7: Reporting and Disclosures**

Finally, consider the reporting and disclosure requirements associated with the adjustments made. Ensure that the adjustments are appropriately disclosed in the financial statements or accompanying footnotes to provide transparency and clarity to the readers of the financial statements.

In conclusion, financial statement adjustment question no.3 on page 22.84 requires a comprehensive analysis of the given scenario, identification of affected financial statements, preparation of adjustment entries, evaluation of the impact on the financial statements, and compliance with reporting and disclosure requirements.

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