What is meant by Accounting Cycle....

Question Posted / gopall

3 Answers
6461 Views
FT, I also Faced
E-Mail Answers

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

Post New Answer

More Accounting General Interview Questions

Do you know balancing in accounting?

0 Answers

As you know any other accounting application?

0 Answers

professional tax payment for april 2017 paid from ranbeers credit card what are the expesses booking entry in tally

0 Answers

What is accrued expenses .and what is differance between accrued Expenses & Accrued Income?

3 Answers HCL, HP,

A company has not deposited TDS since April 2010 till 31-12- 10. TDS amount is around 3.00 Lacs per month u/s 194c,J and 1.00 U/s 192. Can any one tell concequences and chart in excel sheet how much to be deposited as on 31.12.2010 with interest. For each quarter - whether interest calculation is separate or to take it cumulative. pls explain with qanswers and hoe much panely , interest to be paid till 31.12.2010 also inform the status of tds certificates to be issued and panelty for the same for late issuance. i.e what shud be the date of issuing the certificates to public & empoloyees.

1 Answers

What is double-entry accounting? Explain with an example?

0 Answers

How to pass VAT retention entry on computer and Furniture

0 Answers Athena, Blue Consulting,

what ia mean by tally?

11 Answers HSBC, ICICI, TCS,

what question ask in aptara for technical test questions?

2 Answers Aptara,

Journal entry of outstanding wages is Wages a/c dr TO O/s wages a/c In the Above journal entry why outstanding wages has to be credited ? and o/s wages comes under which account, and why (Personal, Real, Nominal)

7 Answers Capital IQ,

WINDOWS SOFTWARE PURCHASES FROM MICROSOFT BY PAYING A CHEQUE OF RS. 35000/- FROM AXIS BANK LTD. PASS THIS JOURNAL ENTERY

13 Answers

any example should cover all three types of account in one entry

1 Answers IVRCL, RPG,

For more Accounting General Interview Questions Click Here