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why the adjustment entries are recorded in profit&loss account as well as in balance sheet?
Most Upvoted Answer
why the adjustment entries are recorded in profit&loss account as well...
Based on Dual entery concept As every Financial transaction have dual effect
Community Answer
why the adjustment entries are recorded in profit&loss account as well...
Because adjustment entry 's are analyse after preparation of trial balance.
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why the adjustment entries are recorded in profit&loss account as well as in balance sheet?
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why the adjustment entries are recorded in profit&loss account as well as in balance sheet? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about why the adjustment entries are recorded in profit&loss account as well as in balance sheet? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for why the adjustment entries are recorded in profit&loss account as well as in balance sheet?.
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