Question

What are the steps of Accounting? Explain them briefly.​

Answer 1

Hola Mate ❤

Steps of the accounting cycle

Step 1: Analyze and record transactions

Step 2: Post transactions to the ledger

Step 3: Prepare an unadjusted trial balance

Step 4: Prepare adjusting entries at the end of the period

Step 5: Prepare an adjusted trial balance

Step 6 : Prepare financial statements

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Answer 2

Answer:

heya mate ❤️

Steps of the Accounting Cycle

Analyze and measure transactions.

Record transactions in the journal.

Post information from the journal to the ledger.

Prepare an unadjusted trial balance.

Preparing adjusting entries.

Prepare an adjusted trial balance.

Prepare financial statements.

Prepare closing entries.

hope it helps u

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