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What is meant by Accounting Cycle....

Answers were Sorted based on User's Feedback



What is meant by Accounting Cycle......

Answer / imraz

cash-work progress - bank receivables - debtors

Is This Answer Correct ?    4 Yes 1 No

What is meant by Accounting Cycle......

Answer / neera

accounting cycle is a process followed while accounting the business events.
it includes
identifying the transactions - recording - classifying - summarizing - analyzing and interpretation .

Is This Answer Correct ?    3 Yes 2 No

What is meant by Accounting Cycle......

Answer / mujna

The accounting cycle is the process of accounting. It is the
step by step process of accounting the following are the steps.
Step 1 - identifying the source document
step 2 - making journal entries
step 3 - Preparing Leger
Step 4 - Preparing Trial Balance
Step 5 - finally preparing financial statement

Is This Answer Correct ?    2 Yes 1 No

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