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What is the periodic adjustments that have to be done before closing the period ?

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Question ajoutée par Abdullah Aziz Eldain Morsi Elgendy - CMA Candidate , Regional Receivable Accountant , Amiantit Group of Companies
Date de publication: 2016/10/17
Ahmed Mostafa
par Ahmed Mostafa , Manager, Forensics , KPMG ME

For the matching basis of accounting there are some adjustment have to be done by the end of the financial period , and this step guarantee to carry the period with it's Revenues and expenses , there are some famous adjustment and it have to be done for the accrued and advanced expenses and revenues , deprecation, bank reconciliation, inventory evaluating ... and so on

Wilfredo Quito
par Wilfredo Quito , Accounting Manager , DDC LAND INC.

I agree with previous answers

Hussein Mostafa Salem Radwan
par Hussein Mostafa Salem Radwan , مدير حسابات ونائب المدير المالى , - الوصف الوظيفة مدير حسابات : - العمل على إدارة قسم المحاسبة وجميع المهام المحاسبية . - الاشرف على

I agree with Professor answer / Ahmed Mustafa

Waleed Abdul Kader
par Waleed Abdul Kader , مدقق محاسبة رئيسي Senior Auditor، مدير موقع www.f2aw.com , يسري وشركاه لتدقيق الحسابات Youssry & Co Auditing

Periodic adjustments or adjusting entries that's doing to correct revenues and expenses in same periodic, and to adjusting any balance not correct, like cash or bank or inventories or accounting receivable or accounting payable 

thanks & Regards

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