Lucy must close the accounting books in the old system to have a complete set of financial statements to bring into the new system. How would you guide Lucy through the process of closing the accounting books in the old system? Explain.
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Lucy must close the accounting books in the old system to have a complete set of financial statements to bring into the new system. How would you guide Lucy through the process of closing the accounting books in the old system? Explain.
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- In your opinion, why would an accountant be interested in adjusting some transactions before Final Accounts are prepared?Write a research paper discussing where accounting records are kept.In your opinion, why would an accountant be interested in adjusting some transactions before the Final Accounts are prepared? In financial accounting, if a supplier has sold you goods on credit, take us through the process you would go through to get it recorded in the Trial balance.
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