Why is it important to balance a ledger account?
Answer:
balancing a ledger account is a crucial step in maintaining accurate financial records and ensuring that financial statements are reliable and trustworthy.
Explanation:
explain how does a transformation process take place in a bank
The transformation process in a bank involves converting inputs into outputs. The inputs could be customer deposits, loan applications, and requests for other banking services. The transformation process would then involve various activities such as processing transactions, analyzing loan applications, and generating reports for internal and external stakeholders.