Question

the three phases of evolution of accounting​

Answer 1

Explanation:

The process of going from sales to end-of-month statements has several steps, all of which must be executed correctly for the entire accounting cycle to function properly. Part of this process includes the three stages of accounting: collection, processing and reporting.

Answer 2

Answer:

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Explanation:

(1) journalize (record) transactions,

(2) post each journal entry to the appropriate ledger accounts, &

(3) prepare a trial balance.