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Question 1 List 3 typeofperiod endadjustment Deferrals Accrued Expenses Depreciation Question 2 Simplified the explanation of each type (1 to 3) and explain the impact

Question 1

List 3 typeofperiod endadjustment

  1. Deferrals
  2. Accrued Expenses
  3. Depreciation

Question 2

Simplified the explanation of each type (1 to 3) and explain the impact on the financial statements arising from the period endadjustment as well as the guiding accounting principle.

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