After the changing entries are already passed and posted to respective ledger accounts, the unadjusted trial harmony must be corrected to indicate the affect of such adjustments. For this reason, an amended trial harmony, often called an altered trial equilibrium, is prepared.At the end of the accounting period of time, any discrepancies should be
Notes to financial statements offer supplemental information about the financial issue of a business. The three different types of notes explain accounting rules made use of to make the statements, give additional detail about an merchandise on the financial statements, and supply far more details about an item not over the statements.Revenue state
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