Question

The above diagram shows the accounting cycle. This accounting cycle starts with
the recording of business transactions in the Journal or Subsidiary Books and after
passing through the Ledger and Trial Balance it results in the preparation of Find
Accounts (i.e., Trading and Profit & Loss Account and Balance Sheet). This accounting
cycle is generally completed in an accounting year and is again repeated in cael
subsequent year.​

Answer 1

Answer:

I hope my answer correct