Question

explain the step involved in the process of accounting​

Answer 1

Explanation:

The eight steps to the accounting cycle include the following:

Step 1: Identify Transactions. ...

Step 2: Record Transactions in a Journal. ...

Step 3: Posting. ...

Step 4: Unadjusted Trial Balance. ...

Step 5: Worksheet. ...

Step 6: Adjusting Journal Entries. ...

Step 7: Financial Statements. ...

Step 8: Closing the Books.

Answer 2

Answer:

The eight steps to the accounting cycle include the following

Step 1: Identify Transactions. ...

Step 2: Record Transactions in a Journal. ...

Step 3: Posting. ...

Step 4: Unadjusted Trial Balance. ...

Step 5: Worksheet. ...

Step 6: Adjusting Journal Entries. ...

Step 7: Financial Statements. ...

Step 8: Closing the Books.