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The objective of changing entries is to make sure that the general ledger account balances replicate the money gained and expenses incurred in the accounting period.
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Educate students the talents necessary to accounting with MYOB software, throughout useful source the completion of the one-thirty day period accounting cycle for the fictional business.
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Depreciation is calculated over a monthly foundation utilizing the straight line approach. The every month depreciation charge is calculated given that the annually depreciation cost divided by the amount of months within a year.
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