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Action 4. Immediately after reporting, put together preliminary trial harmony of the many accounts by netting every one of the debits and credits in Just about every account to determine their balances. Make a total of the still left and ideal aspect balances and ensure The 2 columns must be equal.
Stage seven. Determine the total of the sum of the assorted accounts and present them in monetary statements. The statement is made for each inside and external use.
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