accounts are prepared in many organisation and what are the procedure
Answers
Answered by
3
Explanation:
The 8 Steps of the Accounting Cycle
Step 1: Identify Transactions. ...
Step 2: Record Transactions in a Journal. ...
Step 3: Posting. ...
Step 4: Unadjusted Trial Balance. ...
Step 5: Worksheet. ...
Step 6: Adjusting Journal Entries. ...
Step 7: Financial Statements. ...
Step 8: Closing the Books.
Answered by
1
Explanation:
The 8 Steps of the Accounting Cycle
- Step 1: Identify Transactions. ...
- Step 2: Record Transactions in a Journal. ...
- Step 3: Posting. ...
- Step 4: Unadjusted Trial Balance. ...
- Step 5: Worksheet. ...
- Step 6: Adjusting Journal Entries. ...
- Step 7: Financial Statements. ...
- Step 8: Closing the Books.
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