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Month: December 2021

21 4 Correction of Errors Intermediate Financial Accounting 2

To find accounting errors, conduct regular audits, reconcile accounts, and review financial statements. Cross-checking ledgers and setting up automated checks can also detect inconsistencies net sales early, reducing the frequency of needed corrections and maintaining the accuracy of your accounting. Accounting errors must be corrected as soon as they are identified, especially when they affect…
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