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Step 11: Adjusted Balances in the Statement of Changes in Equity

End of period balances for M1 in the Statement of Changes in Equity, before adjustments, corresponding to transactions carried out during the period will appear as shown in the Exhibit below, as it can be seen in the Accounting System > Group 3 > WorkSheets M1.

We have now proceeded further and entered all transactions for the period in the Statement of Changes in Equity and proceed with the totaling of entries to obtain the balance of this statement, in the case of the example the first month of operations.

The Exhibit below shows M1 end of period (31.1.Y1) balances in the Statement of Changes in Equity corresponding to transactions carried out after adjustments for prepayments and accruals. In this example it can be seen that first month of operations has produced a decrease of capital of 

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