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Topic: Financial Statements Name:___()Class:___Date:___Benny runs a trading business, Benny Stores. He has provided you the following: Benny Stores Trial Balance as at 31 March 2017 ParticularsDr
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How to fill out mapping a trial balance
How to fill out mapping a trial balance
01
Retrieve the trial balance report from the accounting software
02
Identify the accounts listed in the trial balance
03
Create a mapping template with columns for account name, account number, and balance
04
Fill in the mapping template with the relevant information from the trial balance report
05
Check for any discrepancies or errors in the mapping
06
Save the completed mapping for future reference
Who needs mapping a trial balance?
01
Accountants
02
Auditors
03
Financial analysts
04
Finance managers
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What is mapping a trial balance?
Mapping a trial balance is the process of linking the accounts in the trial balance to specific line items on financial statements.
Who is required to file mapping a trial balance?
Companies or individuals preparing financial statements in compliance with accounting standards are required to file mapping a trial balance.
How to fill out mapping a trial balance?
Mapping a trial balance involves identifying each account in the trial balance and linking it to the appropriate line item on the financial statements.
What is the purpose of mapping a trial balance?
The purpose of mapping a trial balance is to ensure that each account in the trial balance is accurately reflected on the financial statements.
What information must be reported on mapping a trial balance?
The information reported on mapping a trial balance includes the name of each account in the trial balance and the corresponding line item on the financial statements.
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