Accountancy, asked by vsrinivas14, 8 months ago

write any threesteps involved in preparation of final accounts

Answers

Answered by Anonymous

15

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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Answered by Anonymous

1

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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