|University||Temasek Polytechnic (TP)|
|Subject||Principles Of Accounting & Finance|
Record Adjustments and Complete Accounting Cycle
(i) Describe ONE possible transaction requiring year-end adjustments for each Adjustments Type 1 and 2.
(ii) Prepare ONE (1) year-end adjusting entry for each adjustment type.
(iii) Explain the impact on the relevant component items of the Statement of Comprehensive Income and Statement of Financial Position of your listed company
(iv) Comment with reasons whether you agree with the statement.
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