Question

What is accounting cycle?

Answer 1

An accounting cycle is a complete sequence of accounting process that begins with the recording of the business transactions an ends with preparation of the final accounts .they include journal, ledger ,trail balance, financial statement 

Answer 2

an accounting cycle is a complete sequence of accounting process that beings with the recording transaction and ends with the preparation of final accounts 
these indulge journal,ledger,trail Balance and financial statements such as trading account,profit and loss account and balance sheet.
 the accounting cycle depicted in the following diagram.