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What is Financial Posting and Reporting Process about?

This data flow diagram shows the process for general journal postings. It starts with daily transactions being posted to the general journal. The general journal is then posted to the general ledger, which updates other files like the general ledger history. Adjusting and closing entries are prepared using the adjusted trial balance to create financial statements for internal and end users.

Author
Anifahchannie Pacalna
Language
EN

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