Identifying and carefully examining the various transactions in the business…

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Identifying and carefully examining the various transactions in the business Step –wise documentation of the various business transactions Updating the dealings/ transaction into the Ledger Accounts Carefully planning and entering of unadjusted trial balance Updating the adjustments in entries Preparing the trial balance according to the adjusted entries Making the Financial Statements Updating the closing entries Updating and documenting the Post-Closing Trial balance Finally recording the Reverse Entries

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