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can you check my grammar and word. its false please correctly my word and grammar . i will give u good review if you do
5.1 SOURCE DOCUMENTS
First, a source document is the original document record containing the details of a business transaction. It captures the key information about a transaction, such as the date, names of the parties involved, amounts paid, and the substance of the transaction. For example, the invoice by supplier is a company's source document for the recording of goods purchased supported by the company's purchase order and receiving ticket. Hello Mobile Enterprise record source document is used when spending or receiving money, similar to a purchase order, although other documents are rarely utilised.
5.2 BOOKS OF PRIME ENTRY / JOURNAL
A book of prime entry or journal is a detailed account that records all the financial transactions of a business. Books of prime entry, also known as books of original entry, are books in which transactions are recorded for the first time. The main books of prime entry are Sales day book, Purchase day book, Sales returns day book, Purchases returns day book, Bank
5.3 LEDGERS
Account transactions are recorded in a ledger, which is a book or collection of accounts. Each account has an opening or carry-forward balance, as well as an ending or closing balance. Transactions would be recorded as a debit or credit in separate columns. If ledger accounts were updated every time a transaction took place, the ledger accounts would quickly become cluttered, and errors could occur. All transactions are initially recorded in a book of prime entry to avoid this. Hello Mobile Enterprise keeps track of all business dealings It's a distinct entry in the general ledger that's associated with a particular asset, liability, equity item, revenue , or expense .
5.4 TRIAL BALANCE
Trial balance is a list of debit balance accounts and credit balance accounts extracted from the ledger. Trial Balance is used to check the accuracy of the double entry system, that is a balanced Trial Balance indicates the double entry is correct. Trial Balance can test the accuracy of calculations. Collection of all balances from the ledger in the Trial Balance facilitates the preparation of Trading Accounts,
5.5 ADJUSTED ENTRIES
5.6 FINANCIAL STATEMENT
Financial statements provide an overview of the short-term as well as long-term financial condition of a business or an individual that demonstrates the success of a business. All financial information of a business enterprise is presented in a structured manner and in an easy to understand form is known as financial statements. Hello Mobile enterprise emphasizes financial statements to assure analysts of the company's future success. That will ensure accurate financial statements.
5.7 REVERSING ENTRIES
At the end of the project, the accountant is frequently asked to deliver financial statements for the benefit of the stakeholders. Reversing entries is the final phase of the accounting cycle. Reversing entries, also known as reversing journal entries, are used to cancel or reverse any adjusting journal entries made at the conclusion of the preceding accounting period. Although it was an optional diary, it was necessary for keeping track of spending and accurately allocating transactions between the two periods. Hello Mobile Enterprise always keep information is correct with accumulated expenditure was recorded in the previous year, can reverse the entry and account for the item when it is paid in the current year.
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