Question

what do you mean by accounting cycle.​

Answer 1

Explanation:

A term that describes the steps when processing transactions (analyzing, journalizing, posting, preparing trial balances, adjusting, preparing financial statements) in a manual accounting system. Today many of the steps occur simultaneously when using accounting software.

Answer 2

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Answer:

Accounting Cycle is a step by step process of recording, classification and summarization of economic transactions of a business.

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