Section outline
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Adjusting the accounts
Learning objectives of this chapter:
(a) To understand the practical concepts of adjusting entry
(b) To know the reality about the origination of adjusting entries
(c) To learn the techniques of making adjusting in time
(d) To know the process of recording the adjusting entries
Chapter Outcome:
(1) We will be able to relate the accounting adjustment with our real life adjustment
(2) We will be able to explain different types of adjusting entries needed in accounting
(3) We will be able to record the adjusting entries each time the financial statements are prepared
Teaching Materials:
(i) PowerPoint and Live class
(ii) Video and Audio clips
(iii) Practice from text book
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Students mustMark as done
Financial statements are prepared using which basis of Accounting and why? Explain.
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Students mustMark as done
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Students mustMark as done
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Students mustMark as done
"Deferral means Accrual " whether the statement is true? Explain.
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