Question

Explain Accounting Process​

Answer 1

Answer:

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. The. accounting. cycle. is a. basic, eight-step .process. for completing. a .company's bookkeeping .tasks. It. provides. a. clear guide for the. recording, analysis, and. final. reporting of a business's financial activities. The .accounting. cycle. is. used .comprehensively. through. one .full. reporting. period.

Answer 2

Answer:

Here is your answer

Explanation:

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.

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