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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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More Accounting General Interview Questions

If the employee has no any experience and he not achieved or he not did any specified work in his student life while he looking job if interviewer ask about any thing about his acchivement what he have to say

2 Answers   Infosys,


Why we are crediting Gross profit or debiting a Gross loss in the profit and loss account?

1 Answers  


explain the relevance of closing stock account in trading a/c when preparing the gross profit?

0 Answers   RR Donnelley,


Why some asset accounts have a credit balance?

0 Answers  


Pls let me know Job profile for Account Manager.

0 Answers  


What is Contribution?

5 Answers   Capital IQ,


What is journal entry to create the Provision for Bad & Doubtful debts?

13 Answers   ABS, Infosys,


vat will be charged on any type of transportation ?

1 Answers  


Sold goods to Gasha 600 by cash

0 Answers  


what differance Between Capital reserv and reserve capital?

4 Answers   Dharampal Satyapal Limited, Genpact,


how to make monthly salary sheets.

4 Answers   TATA,


What is the difference between accounts & Finance?

1 Answers   Muthoot Group, Weber,


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