Define Accounting cycle...!!!
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An accounting cycle is the complete sequence which begims with the process of recording day to day transcations andends with the preparation of final accounts...
They include journal,ledgers,trialbalance and financial statements such as trading ac ,profit and loss ac and balance sheet...
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Accounting cycle is a process of recording all the financial transactions and processing them. When a complete sequence of recording and processing financial transactions is followed which happens frequently on a continuous basis during an accounting period is known as the accounting cycle.
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