W5 Day 24 of Nana's Internship

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Week 5 Day 24 (08 May 2025)


Activity


- Continued to adjust the general ledger and journal entries to resolve the imbalance found in the balance sheet.

Key Learning


- Learned how to trace and adjust general ledger entries to fix imbalances in financial statements.

- Gained a deeper understanding of how journal entries impact the balance sheet.

- Developed problem-solving skills by identifying and correcting accounting discrepancies.

- Realized the importance of accuracy and consistency when managing financial records.

 

Reflection


Today, I continued adjusting the general ledger and journal entries to solve the imbalance in the balance sheet. I spent quite a long time trying to balance the figures, and it was quite frustrating because the trial balance matched, but the balance sheet still didn’t tally. I asked Ms. Amber for help, and she patiently guided me through the corrections. With her explanation, I managed to balance the trial balance. However, the balance sheet still had discrepancies, which left me feeling confused. Later, I approached Ms. Chan for further clarification. With her help, I started tracing the issue more carefully and continued working to identify what was causing the imbalance. This process showed me how important it is to be persistent, detail-oriented, and not afraid to ask for guidance when stuck.


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