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Discussion Board for a Question on Quiz: Accounting (WAEC 2000)

Accounting (WAEC 2000)

50 Questions · Public · Objective · Quiz suitable for all ages

50 Click Here To Discuss Question

Why are adjustments in the profit and loss account necessary?

Select 1 Option (1 Mks)

To cover some expenses of the following year
To ascertain the actual expenses incurred and income earned during the year
To show the provision made during the year
To show the total expenses paid and income received during the year

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question_answer Discussion Board for a Question on Quiz: Accounting (WAEC 2000)

Discussion Board for a Question on Quiz: Accounting (WAEC 2000)