What is the periodic adjustments that have to be done before closing the period ?

Question

Ahmed Mostafa · Answer

For the matching basis of accounting there are some adjustment have to be done by the end of the financial period , and this step guarantee to carry the period with it's Revenues and expenses , there are some famous adjustment and it have to be done for the accrued and advanced expenses and revenues , deprecation, bank reconciliation, inventory evaluating ... and so on

Wilfredo Quito · Answer

I agree with previous answers

Hussein Mostafa Salem Radwan · Answer

I agree with Professor answer / Ahmed Mustafa

Waleed Abdul Kader · Answer

Periodic adjustments or adjusting entries that's doing to correct revenues and expenses in same periodic, and to adjusting any balance not correct, like cash or bank or inventories or accounting receivable or accounting payable

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What is the periodic adjustments that have to be done before closing the period ?

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