Accountancy, asked by mayiankuol6, 11 months ago

describe the stage in the accounting cycle

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Answered by Anonymous

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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