In Workpapers, the client’s accounts and balances are reviewed. For each account, workpapers are attached and completed which calculate and substantiate the balances for the account. If balances calculated during workpaper preparation are different to the client’s balance, adjustment journals must be added to correct the client’s balances. The final adjusted profit/loss as a result of the adjusting journal is displayed as the last entry in the Prepare Trial Balance (Workpapers) table.
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