Combine schedules and journal reasoning on a fresh set of records. These tasks revisit depreciation, loan principal, inventory, payroll, closing and cash flows. Read the stated method and reporting date before calculating. A schedule supplies an amount, but you still need the correct accounts to record it.
Keep noncash expenses separate from bank movements. Compare disposal proceeds with updated book value, not original cost. Payroll deductions are liabilities, and drawings bypass profit. The practice contains no new policy choices: use the conventions already introduced. When a ratio calls for average balances, use both period endpoints. A final result should be supported by the calculation rather than copied from an account's normal balance.