Question

Explain steps involved in book keepin​

Answer 1

1 ) Journal

2 ) Ledger

3 ) trial balance

4 ) final accounts

Answer 2

Answer:

The process of bookkeeping involves four basic steps:

1) analyzing financial transactions and assigning them to specific accounts;

2) writing original journal entries that credit and debit the appropriate accounts;

3) posting entries to ledger accounts; and

4) adjusting entries at the end of each accounting period.