Name the staps followed in accoun
ting
process ?
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Answer:
The 8 Steps of the Accounting Cycle:
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.
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Answer:
daily books of journal are prepared than ledger than trail balance than trading and profit and loss account and than last but not the least balance sheet is prepared.
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