Create end of period adjustment
1. Counting and Controlling the Assets
Ex1. At the end of month, there are 500.000 TL in the case of firm. there is no responsible person for this loss.
ADJUSTMENT: (197+D, 100-), (689+D, 197-)
Ex1_ALTERNATIVE. At the end of month, there are 400.000 TL in the case of firm. It is determined that extra money belongs to personnel. Than it is paid back. SURPLUS: (100+D, 397+C), (397-D, 100-C)
Ex2. At the end of the period, it was determined that a check amounting to TL 50,000 was paid from our bank account during the period, but the accounting record was not made by the company accountant. PAYMENT: (103-D, 102-C)
Ex3. At the end of the period, an offsetting was made with the customer ACD, with which goods were exchanged, and accordingly, it was determined that 750.000 TL was sold against a purchase of80.000 TL, and a check was issued for the remaining amount. OFFSETTING: (120-C, 320-D, 103+C)
Ex4. At the end of the period, products worth 8.000 TL with an expiration date approaching were donated from stocks. LOSS: (689+D, 153-C)
Ex5. At the end of month, an office furniture was lost. Cost of furniture is 3.000TL. the asset will be paid within 2 months by the personnel who were misappropriated. LOST FURNITURE: (197+D, 255-C), COMPANSATION: (135+D, 197-)