Once again, we recommend using A2X – (yes, get emotional again). A2X will automatically update your COGS and the definitive guide to becoming an enrolled agent […]

The preparation of the statement of cash flows, however, requires a lot of additional information. You could post accounts to the adjusted trial balance using the […]

The above journal entries were made in order to account for depreciation expenses and prepaid rent. After incorporating the adjustments above, the adjusted trial balance would […]

Financial statements drawn on the basis of this version of trial balance generally comply with major accounting frameworks, like GAAP and IFRS. Since most companies have […]

The list typically displays account names, details, codes and balances. There’s often an option to view all the transactions within a particular account, too. Though most […]