Question

write down the process of accounting.​

Answer 1

Explanation:

The eight steps of the accounting cycle include the following:

Step 1: Identify Transactions. ...

Step 2: Record Transactions in a Journal. ...

Step 3: Posting. ...

Step 4: Unadjusted Trial Balance. ...

Step 5: Worksheet. ...

Step 6: Adjusting Journal Entries. ...

Step 7: Financial Statements. ...

Step 8: Closing the Books.

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Answer 2

Answer:

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities.

Accounting process is the process of collecting, recording, classifying, summarising and communicating financial information to the users for judgement and decision-making. ... (6) Communicating information to the users: It includes sharing the financial reports and interprets results to the users of financial statement.

The process of going from sales to end-of-month statements has several steps, all of which must be executed correctly for the entire accounting cycle to function properly. Part of this process includes the three stages of accounting: collection, processing and reporting.

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