End of the year adjustment: ACCRUALS

End of the year adjustment: Accruals which simply means owing or outstanding. It’s subdivided into accrued expenses and accrued income. You’ll be learning how to make adjustment in the final account of a sole trader before preparing statement of profit or loss and statement of financial position. I urge you guys to watch it to the end so as to enable you guys to be able to link it with our upcoming video. Don’t forget to like and subscribe for more content like this.