Question
You are a public accountant with many small business clients. During a recent visit to a clients business, the bookkeeper approached you with a problem.
You are a public accountant with many small business clients. During a recent visit to a clients business, the bookkeeper approached you with a problem. The columns of the trial balance were not equal. You helped the bookkeeper find and correct the error, but believe you should go one step further.
Requirement: Write a memo to all of your clients that explains (a) the purpose of the double-entry framework, (b) the importance of maintaining the equality of the accounting equation, (c) the errors that might cause an inequality, and (d) suggestions for finding the errors.
The document should be in a memo format, 12-font Times New Roman, and be between 500-750 words.
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