Question

how to make journal ledger trial balance profit and loss account balance sheet and financial account

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Answer 1

Answer:

A business may engage in thousands of transactions during a year. Can you imagine preparing a transaction analysis, like we did in the previous unit, for all of those transactions? It would take a lot of time and the spreadsheet would be large! There has to be a better way to classify and summarize the data in these transactions to create useful information. We will learn the first part of the accounting