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Month One First Year (M1)

Objective 9 In this section you will learn how to enter transactions in: the journal, the worksheet for Balance Sheet, Income Statement, Statement of Cash Flow, Statement of Changes in Equity, Trial Balance and the preparation of financial statements in the formats used by companies during the operation of BIS Ltd. during Month One, Year One, Operation O1 to Operation O9C.

This section describes the financial accounting rules and procedures for typical transactions in M1. Typical transactions for M1 are all transactions that appear in the cash flow for Jan Y1 in the Accounting System > Group 2 > Cash Flow Y1.

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