Question

write any threesteps involved in preparation of final accounts​

Answer 1

Steps in the accounting cycle

• #1 Transactions. Transactions: Financial transactions start the process. ...
• #2 Journal Entries. Journal Entries. ...
• #3 Posting to the General Ledger (GL) ...
• #4 Trial Balance. ...
• #5 Worksheet. ...
• #6 Adjusting Entries. ...
• #7 Financial Statements. ...
• #8 Closing.

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Answer 2

Answer:

Steps in the accounting cycle

#1 Transactions. Transactions: Financial transactions start the process. ...

#2 Journal Entries. Journal Entries. ...

#3 Posting to the General Ledger (GL) ...

#4 Trial Balance. ...

#5 Worksheet. ...

#6 Adjusting Entries. ...

#7 Financial Statements. ...

#8 Closing.

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