Question

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

Answer 1

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.

Answer 2

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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