Lesson 4 Adjusting Accounts for Financial Statement. Task Team of FUNDAMENTAL ACCOUNTING School of Business, Sun Yat-sen University. Outline. Describe the purpose of adjusting accounts at the end of the period.
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Task Team of
School of Business, Sun Yat-sen University
Dec. 31, B/S date
Last year income statement
This year income
Next year income
(business will not stop)Review: Time period concept
$100000 - $5,000