Question

What are the steps involved in the process of accounting?​

Answer 1

Answer:

• Identifying and Analyzing Business Transactions. The accounting process starts with identifying and analyzing business transactions and events. .
• Recording in the Journals.
• Posting to the Ledger.
• Unadjusted Trial Balance.
• Adjusting Entries.
• Adjusted Trial Balance.
• Financial Statements.
• Closing Entries.

Answer 2

STEPS THAT INVOLVED IN THE PROCESS OF ACCOUNTING...

1. Identifying Nd analysing business transaction.

2. Recording in the journals.

3. Posting to the Ledger.

4. Unadjusted trial balance.

5. Adjusting Entries.

6. Adjusted Trial balance.

7. Financial Statements.

8. Closing entries.