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As an final result, the ending balance of all ledger accounts is currently being proven in the trial stability Performing sheet Based on all credit rating and debit balances of every one of the transactions recorded in the general ledger of the company.
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Accounting process includes the official documents and original source info. A particular accounting procedure would be to be managed according to the regulatory requirements of each and every form of enterprise. For instance, an insurance company will likely have diverse accounting treatments from a financial institution.
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