what is acounting cycle ?

Answer Posted / tejashwini

It is the process of identifying the transactions, entering
in the journals, posting them into the ledger, preparing the
trial balance, preparing the final accounts and taking
decision managerial decision on the financial statements
recognised by the final accounts.

Is This Answer Correct ?    21 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are various qualities one should possess to become a Bank Officer? Do you think you possess those?

647


What are kiosks? These days' banks have come up with different kiosks. Name them.

763


how to invest in mutual fund? what is bita & how it is calculated?

2380


How to fight Inflation and what is the current Indian scenario about Inflation?

635


What do you mean by limited liability?

668






Share your views on India 2020?

669


What is the role of banks in the development of the economy?

632


What Will Happen To My Home And Car If I File Bankruptcy In California?

595


In which year indian banks association (iba) was formed and initially with how many members?

631


What is capm?

617


What do you understand by SENSEX and NIFTY?

649


Explain About Users, Groups, And Domains?

649


How many printing presses for printing notes are available in india and name the places where they are located?

555


What are various government schemes started by the government for youth employment?

636


What is rural banking?

788