which is the last step of accounting as a process of information (a) recording of data in the books of accounts (b) preparations of Summer is in the form of financial statement (c) communication of information( D) analysis and interpretation of information
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(c) Communication of information
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(c) Communication of information
- Accounting can be characterized as a course of revealing, recording, deciphering, and summing up monetary information. The presentation of Accounting helps the leaders of an organization to settle on powerful decisions by giving data on the monetary status of the business.
- The steps of the accounting cycle incorporate the cycles of recognizing, gathering, investigating archives, recording exchanges, ordering, summing up, posting, and planning preliminary equilibrium, making diary sections, shutting the books, and last, detailing monetary data of an association.
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