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So stuck! I am required to make a flow chart of the following: Identify the steps to extract the trial balance and interim reports: Identify
So stuck! I am required to make a flow chart of the following:
- Identify the steps to extract the trial balance and interim reports:
- Identify and accurately process any special transactions. Provide the steps for ensuring special transactions are accurately processed.
- Complete the cash and credit journals and post them to the general ledger. Provide evidences of each step.
- Extract the trial balance, check it, and prepare other required reports
- Review the trial balance and interim reports and find and correct any errors. How are errors documented and corrected?
- Finalise the reports and file them appropriately. Include where these would be filed.
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