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Q: If you use an end-of-period spreadsheet (work sheet), why do you still have to prepare the financial statements? Isnt all the information the user

Q: If you use an end-of-period spreadsheet (work sheet), why do you still have to prepare the financial statements? Isnt all the information the user needs on the spreadsheet?

Q: Why do we use the income summary account each month to clear out the revenue and expense accounts?

Q: Does anyone make manual entries anymore or even keep a manual set of books?

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