Course Content
Accounting Fundamentals #1-org (Copy 1)
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Common adjusting items are:

  • Bank charges
  • Bank interest (paid or received)
  • Repayment of a bank loan
  • Automatic cash payments or transfers to (or from) other accounts
  • Outstanding deposits
  • Outstanding (unpresented) cheques
  • Transaction errors
  • Unrecorded transactions

These adjustments are required because they are not typically made in the normal day-to-day cash receipts or disbursements process.


Here is comprehensive list of common adjustments – we’ll go through each of these in detail

The important thing to remember as we go through the adjustments is in the last bullet. These adjustments are required because they are not typically made through the normal day-to-day cash receipts and disbursements processes that we are well versed in now.