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Summary

Other adjustments & closing transfers cheat sheet & summary. Accounting

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Uploaded on
30-08-2025
Written in
2025/2026

A simple, aesthetic useful cheat sheet that includes the steps for closing transfers and how to approach each adjustment you might have to solve in an easy manner. Only document you’ll ever need for accounting adjustments and closing transfers. Also includes some tips on contra-accounts, figuring out which account is debited or credited or has a debit or credit balance in the trial balance. Use the Debit: ADE and Credit: LIC to see which accounts increase or decrease on which side. Approved by tutors and various teachers. No copyright material just notes and cheat sheet formulae for accounting.

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Institution
10th Grade








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Summarized whole book?
No
Which chapters are summarized?
Chapter 10
Uploaded on
August 30, 2025
Number of pages
3
Written in
2025/2026
Type
Summary

Subjects

Content preview

Mmmmm
working and learning through examples
always draw



depreciation
·
diminishing balance method
·: decreases OE be its an expense
-
+
lefst price -



acc depriation) x r % x /22
Gener
straight line method Depreciatio
+
cost price x + % X /12 Acc
O




Edepreciation
dep on

on co

at di
& OnErd
acc XXX account
dep .
② acc dep
.
. on -
Balance balance

-
depreciation XXX
-




acc
XXX
-
- -




dep .




Income
accrued T receivable
-Y




-
uncorner
income owned , not yet received




AggETACC
& accrued income d Gen
contra accounts accru
Rent income

-
R143,33
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