To finalize books of accounts company need to adjust all the adjustments which does not recorded in the trail balance of the company. All these adjustments have two effects. To Calculate: Correct Profit that to be reported after these adjustments.

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Chapter 4, Problem 4.5.2P

To determine

Concept Introduction:To finalize books of accounts company need to adjust all the adjustments which does not recorded in the trail balance of the company. All these adjustments have two effects. To Calculate: Correct Profit that to be reported after these adjustments.

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