Question

describe accountancy cycle with diagram​

Answer 1

Answer:

The accounting cycle is the holisticprocess of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation on the financial statements. ... The accounting cycleincorporates all the accounts, journal entries, T accounts.

Answer 2

Explanation:

The accounting cycle is the holistic process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation on the financial statements, to closing the accounts. One of the main duties of a bookkeeper is to keep track of the full accounting cycle from start to finish. The cycle repeats itself every fiscal year as long as a company remains in business.

The accounting cycle is the holistic process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation on the financial statements, to closing the accounts. One of the main duties of a bookkeeper is to keep track of the full accounting cycle from start to finish. The cycle repeats itself every fiscal year as long as a company remains in business.The accounting cycle incorporates all the accounts, journal entries, T accounts, debits, and credits, adjusting entries over a full cycle.