The objective of changing entries is to ensure that the overall ledger account balances mirror the money gained and fees incurred during the accounting period.
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The worksheet is really an internal document that exits outside the house the journals and ledgers. It is commonly used in the manual accounting procedure to help document modifying entries and prepare money statements. After you have well prepared the worksheet, in the subsequent portion on the follow established you'll be requested to use the completed worksheet to help journalise and put up altering entries to general ledger.
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