Adjustments to Profit (Section C Question) Flashcards by Nick Duley | Brainscape

Q

Debit entries?

A

Deducted

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Q

Credit entries?

A

Added

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Q

Issue cost on loan

A

Added

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Q

Convertible loan notes

A

Deducted

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Q

Finance costs

A

Deducted

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Q

Contract revenue

A

Added

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Q

Contract cost of sales

A

Deducted

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Q

Depreciation

A

Deducted

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Q

Impairment

A

Deducted

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Q

Closing inventories

A

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Q

Disposal gain on factory

A

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Q

Unwinding of discount

A

Deducted

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Q

Fair value gain?

A

Added

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