Accounting for IGCSE & O level - Accounting Procedures (Section 4 - No. 6)
What steps should be followed to ensure accurate financial statements?
Check the accuracy of source documents.
Ensure that all entries are made correctly.
Identify and correct any errors that may have been made.
Balance the books at the end of the financial period.
Explanation
To ensure accurate financial statements, one must check documents, entries, correct errors, and review the process.
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