Question

what is accounting cycle..

I have exam tmrw.....

Answer 1

It is the name given to the cycle of processes carried out by a company during accounting.
 It includes signing transanctions.
 Making records of them .
 Presenting them in the end.

Answer 2

All stages of accounting for transactions and economic facts relating to an entity. The accounting cycle includes all accounting procedures to be performed during the year, from the time of the identification, on the basis of the supporting documents, the transactions and the facts to be recorded and the recording of these transactions and facts in the accounts and journals up to the closing of the financial statements for the year and the preparation of the financial statements.