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Did you apply transaction analysis, input transactions into the accounting system, process this input, and prepare and interp
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Yes, I did apply transaction analysis, input transactions into the accounting system, process this input and prepared and interpreted the four basic financial statements. The process entails – identification of the transaction, preparing documents like invoices, identifying accounts like revenue, expense, asset etc. in the accounting database and lastly recording the transaction. Once all transactions are recorded the basic financial statements are prepared.

The statements that are required to complete the accounting process monthly are balance sheet and income statement (also known as profit and loss statement). At the end of a month balance sheet accounts have to be reconciled and revenue and expense accounts have to be reviewed.

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