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BALANCE SHEET

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The current month is calculated as starting the day AFTER the previous sales period was reset. To check which day the previous sales period was reset, choose Month-End Closing from the System Maintenance Menu.

 

The values of some asset and liability accounts are transferred to the balance sheet from the detail files that the Jewelry Shopkeeper maintains. Even if you manually change the current month value of these special asset and liability accounts in the chart of accounts, or enter general journal entries posted to those accounts, the Jewelry Shopkeeper will override those figures with the actual figures from the detail files.