A statement of adjustments is a document typically used in real estate transactions that outlines the financial details involved in the sale of a property. It provides a detailed summary of all amounts owing or due to both the buyer and the seller, including the purchase price, deposits, property taxes, utility bills, and any other adjustments required to ensure that both parties settle their obligations correctly. The final figure in the Statement of Adjustments represents the amount that the buyer must pay to the seller on the closing date to complete the transaction.