Question

derfine accouting. explain the major processes in accounting​

Answer 1

Answer:

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The accounting cycle, also commonly referred to as accounting process, is a series of procedures in the collection, processing, and communication of financial information. As defined in earlier lessons, accounting involves recording, classifying, summarizing, and interpreting financial information.

Answer 2

Answer:

Answer:

\underline{\huge{Answer:-}}

Answer:−

• The accounting cycle, also commonly referred to as accounting process, is a series of procedures in the collection, processing, and communication of financial information. As defined in earlier lessons, accounting involves recording, classifying, summarizing, and interpreting financial information.