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The amount of profit you made during any particular time is shown on your profit and loss statement. A financial report called a profit and loss statement (PL), income statement, or statement of operations gives an overview of a company’s revenues, expenses, and profits and losses for a specific time period. Profit and loss statements […]

An accounting diary is a worksheet that enables you to monitor each stage of the accounting process simultaneously. Liabilities and equity are equal to the total amount of assets in the fundamental accounting equation. We will use examples to highlight how transactions alter the accounting equation and help you better grasp how it functions and […]

Here are a few instructions to help you create an Excel company ledger template. Trial Balance Excel Template, download. The excel trial balance looks like this. General Ledger template that is printable Model for the general ledger. Importing Data Using Excel Trial Balance Files Excel tutorial on how to make a general ledger and trial […]