Dollar value or percentage amounts that, when added to or subtracted from the sales price of a comparable property, provide an indication of the value of a subject property. Adjustments are necessary to compensate for variation in the features of the comparable relative to the subject.
An extended trial balance provides a detailed verification of the balances extracted from the ledger by adding columns for adjustments, accruals, and prepayments, ultimately clarifying entries for the profit and loss account and balance sheet.
