Expense Adjustment Agreement

5.6 The Customer is responsible for the payment of all fees related to the subscription to the Services, whether the Customer has actively used, accessed or otherwise benefited from the Service. In the event of late payment by the customer, Adjust may calculate default interest up to EUR 5.00, USD 5.00 and JPY 700.00, as well as default interest in accordance with legal provisions. Adjust reserves the right to prove and assert a higher delay loss. If the Customer`s payments are significantly delayed, Adjust reserves the right to suspend the provision of additional services, including the Customer`s access to the Services, to the detriment of the Customer, until all payments due are made. In the event of suspension of services, the customer is nevertheless obliged to pay the agreed fees until the date of suspension. In other words, accumulated amortization is increased with a credit, because the associated asset usually plays a debt balance on the account. The following statements show what the accumulated depreciation would look like for each year: you then want to record your rental costs for the month of January. They move the January portion of prepaid rent from an asset to an expense. Counter-asset accounts record monthly increases.

Assets are depreciated by a set amount each month as soon as they are purchased. This is reflected in an adjustment statement which represents the depreciation expense on depreciation and equipment as well as the accumulated depreciation of the same amount. In the insurance chart, the adjustment was applied at the end of December, but the rent adjustment took place at the end of March. What`s the difference? What was not mentioned in the first figure was the assumption that the annual accounts were not prepared until the end of the year, in which case the adjustments were not necessary until that date. The second figure explicitly stated that the annual accounts were to be drawn up at the end of March, which required an adjustment at the end of March. . . .

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