Reference no: EM132315254 , Length: word count:2000
Assignment Questions -
1. Journalise the adjustment transactions (adjustments sheet)
2. Post adjusting journal entries and complete the Worksheet.
3. Create the Income Statements from the completed Worksheet.
4. Journalise the closing entries.
5. Create the changes in Equity and Balance sheet from the completed Worksheet.
6. Answer the following questions considering proper referencing;
1) What is a trial balance, why do we create it?
2) What are adjustment journal entries? Why do we record the adjustment journal entries?
3) What is the purpose of writing an adjusted Trial balance?
4) How adjustment journal entries are different from the closing journal entries?
Attachment:- Assignment File.rar
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