CONCLUSION
Accounting is the process of gathering, analysing, and condensing financial data into financial
statements and reports. The illustration below can be used to show an accounting system. Every
accounting entry is founded on a business transaction that is documented by a business document, like
a check or a sales invoice. A ledger groups transactions according to their type and the accounts they
touch, whereas a journal records transactions as they happen. The balance sheet, income, and expense
accounts used to maintain a company's financial records are all gathered in the general ledger. All
journal entries are compiled and transferred to the general ledger accounts at the conclusion of an
accounting period.
At the conclusion of an accounting month, a trial balance is then created by adding together all the
account balances in your general ledger. The total of the credit balances and the total of the debit
balances must match. You must find the errors if the total debits and total credit balances are not equal.
Finally, the data in our trial balance is used to produce financial statements.
We want to express our gratitude to the lecturer, Dr. Nor Khadijah Binti Azhari who educated us before
we conclude. We also want to express our gratitude to the group members who toiled diligently to
complete this project. Owing to the fact that the majority of the other members of our group do not take
into account the subjects we learn in school, we view this task as being rather difficult. As a result, we
are ignorant of the fundamentals of accounting. Thank goodness, we completed our task on time. We
all want to be able to flourish in this topic by applying our accounting skills.