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P2 C5 Financial Statements of Business Organisations — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C5 Financial Statements of Business Organisations1 Mark
Question
What are adjustment entries?
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Answer

While preparing the annual accounts to know true profit or loss and financial position of the business, so many adjusted entries are recorded in journal proper.

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