Accountancy, asked by dilipsingh09126, 10 months ago

What are the steps involved in the process of accounting?

Answers

Answered by adityamanojsharma02

Explanation:

Identifying and Analyzing Business transaction

Recording in the Journals. ...

Posting to the Ledger. ...

Unadjusted Trial Balance. ...

Adjusting Entries. ...

Adjusted Trial Balance. ...

Financial Statements. ...

Closing Entries.

Answered by Nandzzz

Explanation:

Step 1: Identify Transactions

Step 2: Record Transactions in a Journal

Step 3: Posting

Step 4: Unadjusted Trial Balance

Step 5: Worksheet

Step 6: Adjusting Journal Entries

Step 7: Financial Statements

Step 8: Closing the Books

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