Why are adjustments in the profit loss account necessary?
FINANCIAL
POST UTME UI
Why are adjustments in the profit loss account necessary?
- A) To cover some expenses of the following year
- B) To ascertain the actual expenses during the year
- C) To show the provisions made during the year
- D) To show the total expenses paid and income received during the year
Correct Answer: A) To cover some expenses of the following year
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