Why is it necessary to record the adjusting entries in the preparation of final accounts?

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Accountancy Financial Accounting Part 2 For Class 11

ISBN: 9788174505323

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Authors: NCERT

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Question Posted: Feb 16, 2024 12:00 PM

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Why is it necessary to record the adjusting entries in the preparation of final accounts?

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Adjusting entries are necessary in the preparation of final accounts for several reasons Accrual Accounting Basis Final accounts are prepared using th...View the full answer

Accountancy Financial Accounting Part 2 For Class 11

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