Accountancy, asked by sanjibgiri4519, 1 year ago

name the steps involved in accounting process

Answers

Answered by Anonymous
5
Hello.


Steps involved in accounting:-

1)Measuring and identifying the transactions in monetary term.
2)Recording transactions in journal.
3)Classifying them into ledger.
4) Summarizing or preparation of final accounts that is trading a/c , PNL a/c and balance sheet.
5)Communicating the results.


hope it helps✌

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