B3: 4 Period-end adjustments

In this section…

In this section we shall examine the following adjustments that accountants make to a business’ books at a period-end.

  • Accruals
  • Prepayments
  • Inventories
  • Doubtful debts

We shall look at what the adjustments are, why they need to be carried and how they are recorded in the General Ledger.


4.01 Period-end adjustments

4.02 Accruals

4.03 Recording accrued expenses

4.04 Recording accrued income

4.05 Prepayments

4.06 Recording prepaid expenses

4.07 Recording prepaid income

4.08 Inventories

4.09 Doubtful debts

4.10 Recording doubtful debts