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All the accounts and balances left in the trial balance right after preparation of the Trading and Profit and Loss Account together with the net result of operations from the Trading and Profit and Loss Account as properly as the value of Closing Stock (if Purchases are not debited to a Purchases Account but they are debited to a Purchases Account beneath the very first technique explained above) are used to prepare the balance sheet.
Bravo! Excellent hub! Seems only accountants comprehend accountants. We do not query and re-query expense reports and other monetary concerns just to be nosey.. there is a legal explanation. I have been in the accounting field for 20 years but just got my BS in Accounting last summer and am searching to move up in the globe. I enjoy what I do. It is a desk job and I enjoy it. If I had to fly out of town evey week, or sale some thing to an individual for my paycheck, I’d starve. Thank you for posting this hub!
Compensation is not as bad as other individuals feel otherwise. Work environment is fine and you are going to get to operate with young CPAs your age, which is a very good point-generating circle of close friends. Individuals are continually developed by way of trainings, seminars and other activities. Mobility programs with foreign affiliated firms are also actively practiced.