Accounting is a science and art that deals with recording, analyzing and reporting the financial and economic activities of individuals, companies or institutions. The main goal of accounting is to provide accurate and reliable financial information that helps make correct economic decisions and manage the business effectively.
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Finalizing the trial balance refers to the final stage in the external audit process where the trial balance is prepared and revised after all the basic steps of the audit are completed. This procedure is crucial to ensure the accuracy and completeness of the final financial report that will be provided to clients or to third parties...
Accounts payable and receivables analysis refers to the process of evaluating and analyzing a company's financial condition by studying its accounts payable and receivables. This process is necessary to understand how a company manages debts and amounts owed from customers and suppliers, and to determine appropriate policies and proced...
