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  • Accounting Cycle

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    Praveen Paroche
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    The accounting cycle describes the steps businesses take to record financial transactions throughout a period and report on their assets, liabilities, equity, revenues and expenses. It involves journalizing transactions, posting to ledgers, preparing a trial balance, adjusting accounts, preparing financial statements and closing books at the end of each period.

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    Accounting Process

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    The accounting cycle describes the steps businesses take to record financial transactions throughout a period and report on their assets, liabilities, equity, revenues and expenses. It involves journalizing transactions, posting to ledgers, preparing a trial balance, adjusting accounts, preparing financial statements and closing books at the end of each period.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    10 views1 page

    Accounting Cycle

    Uploaded by

    Praveen Paroche
    The accounting cycle describes the steps businesses take to record financial transactions throughout a period and report on their assets, liabilities, equity, revenues and expenses. It involves journalizing transactions, posting to ledgers, preparing a trial balance, adjusting accounts, preparing financial statements and closing books at the end of each period.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    12/5/22, 10:27 PM Accounting Cycle

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    https://learning.onlinemanipal.com/d2l/le/enhancedSequenceViewer/7579?url=https%3A%2F%2F0ff6df2b-fb79-4be6-9d7f-9428edd0fa0a.sequen… 1/1

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