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Adjusting entries are accounting journal entries that convert a company’s accounting records to theaccrual ...

TOPIC 2: CORRECTION OF ERRORS | B/KEEPING FORM 3 Wrong Entries Identify wrong entries ...

The Purpose of General Journal Explain the purpose of the General journal You are ...

Meaning of Bank Reconciliation Statement Define Bank reconciliation Statement Bank reconciliation is the process ...

Sources of Government Funds and Expenditure Estimates Indentify sources of government funds and Expenditure ...

Meaning of the term Accounting Define the term accounting Accounting is the systematic and ...

Operation of the Petty Cash Book Determine the operation of the petty cash Book ...

The Meaning of Books of Original Entry or Subsidiary Books Give the meaning of ...

The Balance Sheet Define the balance sheet The balance sheet, also called the statement ...

Final accounts give a concise idea about the profitability and financial position of a ...

Difference between Stock at Start and Stock at Close Distinguish between stock at start ...

Meaning of Trial Balance Define the Trial Balance Trial Balance is a list of ...

Classification of Accounts It is necessary to know the classification of accounts and their ...

Description of a Business Transaction Describe what a business transaction is An accounting transaction ...

The Meaning of Book Keeping Define book keeping Book-keeping is an art of recording ...

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