Adjustments and the matching principle: N(A)-Level Principles of Accounts (SEAB 7086), covering the matching principle and accrual basis, accruals and prepayments, depreciation of non-current assets, and irrecoverable debts and the allowance for doubtful debts

An N(A)-Level Principles of Accounts (SEAB 7086) overview of year-end adjustments and the matching principle: why we match expenses to the period they help to earn, how to adjust for accruals and prepayments, how to depreciate non-current assets by the straight-line and reducing-balance methods, and how to account for irrecoverable debts and an allowance for doubtful debts.