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Step-by-Step Guide to Solving Accounting Assignments

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Step-by-Step Guide to Solving Accounting Assignments

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  1. STEP-BY-STEP GUIDE TO SOLVING ACCOUNTING ASSIGNMENTS UNDERSTAND THE ASSIGNMENT Read the instructions carefully. Identify the type of problem ANALYZE THE TRANSACTIONS Break down each transaction into debits and credits. Identify the accounts affected RECORD JOURNAL ENTRIES Create transaction. (Debit / Credit) a journal entry for each CONTACT US FOR ACCOUNTING ASSIGNMENT HELP POST TO THE LEDGER Transfer each journal entry to its respective ledger account. +91-9878492406 tutorintellect.com PREPARE A TRIAL BALANCE help@tutorintellect.com Ensure the total debits equal credits in the trial balance. PREPARE FINANCIAL STATEMENTS Income Statement, Balance Sheet: Cash Flow Statement:

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