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The primary objectives of the accounting function in an organization are to process financial information and to prepare financial statements at the end of the accounting...
The trial balance is quite simple to understand and quite simple to do. How if I find error during the construction? What should I do? Easy,...
Accounting records are kept on the accrual basis, except in the case of very small businesses. To accrue means to collect or accumulate. This means that...
I know many of you have been requesting for some posts to cover basic accounting for dummies topic, so here I am coming with the very...