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Former Member
Jul 13, 2008 at 02:46 AM

adjustment

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Hi Forum,

I would like to know adjustment account.

Few points would like to ask. Hope can reply point by point.

a) It is p&l or balance sheet?

b) what is the use of adjustment account?

c) if p&l, it is exp or rev account?

d) if bs, it is payable or receivable?

e) it should be cleared at the end of the day?

Rgds

thanks