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Financial Statements

Preparation of Balance Sheets, Income Statements (P&L), and Statement of Retained Earnings.

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Bookkeeping & Journal

Recording transactions in Journal and Ledger. Understanding Debits and Credits rules.

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Cash Flow Statements

Preparation using Direct and Indirect methods. Analyzing Operating, Investing, and Financing activities.

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Bank Reconciliation

Reconciling bank statement balance with cash book balance. Identifying timing differences and errors.

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Calculating Cost of Goods Sold (COGS) and Ending Inventory using FIFO, LIFO, and Weighted Average.

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"Balance Sheet Help"

I couldn't get my balance sheet to balance due to an error in the trial balance. The expert found it and fixed the whole problem.

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The indirect method for cash flow was confusing. The expert broke down operating, investing, and financing activities clearly.

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"Inventory Valuation"

Calculations for FIFO and Weighted Average cost were spot on. The impact on COGS and ending inventory was explained well.

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"Journal Entries"

Needed help with adjusting entries for accruals and deferrals. The journal entries were correct and posted to the ledger accurately.

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Yes, we are experts in preparing the complete set of financial statements: Balance Sheet, Income Statement, and Cash Flow Statement, ensuring they balance perfectly.

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