What are the steps of Accounting? Explain them briefly.
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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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Answered by
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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
Miszzbrainly
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