Question

What is Accounting cycle and different types of Accounting?

Answer 1

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✔✔ The accounting cycle is the holistic process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation on the financial statements.

✔✔ The accounting cycle incorporates all the accounts, journal entries, T accounts.

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Answer 2

✔✔ The accounting cycle is the holistic process of recording and processing all financial transactions of a company, from when the transaction occurs, to its representation on the financial statements.

✔✔ The accounting cycle incorporates all the accounts, journal entries, T accounts.