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Question 19.3

This topic has 2 replies, 3 voices, and was last updated 4 years ago by John Moffat.

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November 17, 2020 at 11:09 pm #595362
arahnsathananthan
Participant
- Topics: 64
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Hi John
I hope you are well. Could you please help me with Question 19.3 Task 3 ? I am not sure of the double entry required for this question.
November 18, 2020 at 4:45 am #595373
tushargujral
Participant
- Topics: 66
- Replies: 95
i think there is no double entry for this question we just need to tell how these adjustments will be made in profit and loss account. right john ?
November 18, 2020 at 9:37 am #595405
John Moffat
Keymaster
- Topics: 57
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Yes. If the adjustment increases profit then it will be credited to the profit. If it reduces the profit then it will be debited to the profit.
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