Accountancy, asked by manpreet1721, 1 month ago

mfully explain the process of accounting with the help of diagram

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Answered by mallickanimesh

1

Answer:

this is your correct answer

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Answered by prakashakash802

1

Answer:

The 8-step process

Step 1: Identifying transactions. ...

Step 2: Record transactions in a journal. ...

Step 3: Posting to the general ledger. ...

Step 4: Unadjusted trial balance. ...

Step 5: Worksheets. ...

Step 6: Adjusting entries. ...

Step 7: Financial statements. ...

Step 8: Closing temporary accounts via closing entries.

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