Preparation of financial statements with the help of journal/subsidiary books of any partnership firm
Answers
Answered by
1
Explanation:
The accounting cycle is a fundamental process for completing a company’s bookkeeping tasks. Following steps should be taken to complete the accounting cycle;
- Identify transactions
- Record transactions in a journal
- Posting of every transaction
- Unadjusted trial balance
- Balance worksheet
- Adjusting journal entries
All the above steps should be taken and in proper sequence for the proper making of financial statements
Similar questions