Final adjustments can only be done on an extended trial balance not on a worksheet.
Correct Answer:
Verified
Q8: Interest and dividends are exactly the same.
Q9: Tax is always included in the income
Q10: What entries should be made in the
Q11: Revaluation reserves arise when assets values increase
Q12: All partners in a partnership are jointly
Q14: What entries should be made in the
Q15: If a company has total assets of
Q16: What entries should be made in the
Q17: A limited company is different from a
Q18: T accounts and the worksheet are simply
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents