Accountancy, asked by mayiankuol6, 1 year ago

describe the stage in the accounting cycle

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Answered by Anonymous
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ʜᴇʏᴀ ᴜsᴇʀ! 

sᴛᴀɢᴇs ᴏғ ᴀᴄᴄᴏᴜɴᴛɪɴɢ ᴄʏᴄʟᴇ: 

①ɪᴅᴇɴᴛɪғɪᴄᴀᴛɪᴏɴ ᴏғ ғɪɴᴀɴᴄɪᴀʟ ᴛʀᴀɴsᴀᴄᴛɪᴏɴs ᴀɴᴅ ᴇᴠᴇɴᴛs. 

②ᴍᴇᴀsᴜʀɪɴɢ ᴛʜᴇ ɪᴅᴇɴᴛɪғɪᴇᴅ ᴛʀᴀɴsᴀᴄᴛɪᴏɴs. 

③ʀᴇᴄᴏʀᴅɪɴɢ ᴏғ ɪᴅᴇɴᴛɪғɪᴇᴅ ᴛʀᴀɴsᴀᴄᴛɪᴏɴs. 

④ᴄʟᴀssɪғɪᴄᴀᴛɪᴏɴs ᴏғ ᴛʀᴀɴsᴀᴄᴛɪᴏɴs. 

⑤sᴜᴍᴍᴀʀɪsɪɴɢ ᴏғ ᴛʀᴀɴsᴀᴄᴛɪᴏɴs. 

⑥ᴀɴᴀʟʏsɪs ᴀɴᴅ ɪɴᴛᴇʀᴘʀᴇᴛᴀᴛɪᴏɴ ᴏғ ᴛʀᴀɴsᴀᴄᴛɪᴏɴ. 

⑦ᴄᴏᴍᴍᴜɴɪᴄᴀᴛɪɴɢ ᴛʜᴇ ғɪɴᴀɴᴄɪᴀʟ ᴅᴀᴛᴀ ᴛᴏ ᴛʜᴇ ᴜsᴇʀs. 


ʜᴏᴘᴇ ᴛʜɪs ᴡɪʟʟ ʜᴇʟᴘ ʏᴏᴜ! 
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