To determine the scope of a bookkeeping clean-up engagement, you are reviewing the client overview tab for a potential client. You notice that there is a large amount in the opening balance equity account.
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deebikamadhivanan 4 months ago
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To determine the book-keeping clean-up engagement the clients' inventory set-up process, current asset account, and importing customer data are reviewed.

How do you determine the scope of a bookkeeping clean-up engagement?

To figure out how big a bookkeeping clean-up job is, do the following:

1. During the setup procedure, the opening balance for an inventory item was entered.

2. When creating an Other Current Asset account, the client entered an Opening Balance.

3. When utilizing the Import data tool to import customers, opening balances were included.

Check out the link below to know more about clean-up engagement;

https://brainacademy.pro/question/16613282

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