Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


what is accounting cycle ?



what is accounting cycle ?..

Answer / ovenkat4

The accounting cycle is the process of rotating the financial balances of the company. The accounting process is Journals, Book keeping, Ledgers, Subsidiary books, Trail balance, Profit and loss a/c, Balance sheet. This is the process, then the process will start from the journals, automatically this process is runes in the organisation.

Is This Answer Correct ?    13 Yes 4 No

Post New Answer

More Accounting General Interview Questions

Name three (3) equity security data points

2 Answers   Shore Infotech,


Assuming you are at the office and a colleague criticizes u, how would you react?

1 Answers  


why don't we take cash and bank accounts into realisation a/c

4 Answers  


what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit or loss in case the party paid check direct to Bank .......???

2 Answers  


how loan is different from debenture?

5 Answers   State Bank Of India SBI,






We have an boat manufacturing company .we customer order one boat the cost is 1130 .we have received advance 500 balance he will give after giving boat can you give me journal entry cash A/c Dr 500 customer A/c Dr 630 To Sales 1130 is this entry is correct ?if not please give me exact entry

3 Answers  


what is the difference in direct expenses and indirect expenses?

9 Answers  


Journalize the Following: 1. The following were purchased on account: a. Materials $ 10,000 b. Office supplies $ 2,000 c. Small tools $ 1,000

0 Answers  


What is asset revaluation reserve and how is it treated in the books of accounts

4 Answers   Genpact,


sold goods on credit rs 10000

0 Answers  


deperication of manufacturing department in manufacturing overhead is a direct expence or indirect expence?explain with reason

1 Answers  


Spinoff,Spelloff

0 Answers   Capital IQ,






Categories