Final accounts adjustments

AMIT KUMAR CS(P), M.COM. JAY MATA DI Mob-9717841557

Adjustments

CLOSING STOCK

Given outside TB

trading a/c---Cr. side B/S--asset side

Given inside TB

B/S---asset side

OUTSTANDING EXPANCES

Given outside TB

Add in related items B/S--Liability side

Given inside TB

B/S---Liability side

OUTSTANDING INCOMES

Given outside TB

P & L a/c---Cr. side B/S--asset side

Given inside TB

B/S---asset side

PREPAID EXPANCES

Given outside TB

Less from related items B/S--asset side

Given inside TB

B/S---asset side

AMIT KUMAR CS(P), M.COM. JAY MATA DI Mob-9717841557

RECIEVED IN ADVANCE

Given outside TB

Less from related items B/S--Liability side

Given inside TB

B/S---Liability side

DEPRECIATION

Given outside TB

P & L a/c---Dr. side B/S--Less from asset

Given inside TB

P & L a/c---Dr. side

INTEREST ON CAPITAL

Given outside TB

P & L a/c---Dr. side B/S--Add with CapitaL

Given inside TB

P&L a/c---Dr. side

BAD DEBTS

Given outside TB

P & L a/c---Dr. side B/S--Less from debtor

Given inside TB

P & L a/c-- Dr.side

AMIT KUMAR CS(P), M.COM. JAY MATA DI Mob-9717841557

INTEREST ON DRAWINGS

Given outside TB

P &L a/c---Cr. side B/S--Less from capital

Given inside TB

P&L --Cr. Side

INTEREST ON INVESTMNTS

Given outside TB

P & L a/c---Cr. side B/S--Add in investments

Given inside TB

P & L a/c-- Cr.side

manegerial commission

when before charging

MC=profit *rate/100

when after charging

MC=profit* rate/100+rate