Mr. Shil Wants to record the financial transactions of his newly started business.
Discuss what accounting steps/stages he need to adhere so that the transactions can be duly
recorded and processed in order to prepare the financial statements.
1
Expert's answer
2019-10-09T11:08:49-0400
Examine transactions by analysing the source document.
Recordstransactions in the journal.
Post record entries to the ledger account.
Complete the worksheet by preparing the account balance
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