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what is the accounting cycle
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Answer / mohammed abdul mohsin
Series of steps in recording an accounting event from the
time a transaction occurs to its reflection in the
financial statements; also called bookkeeping cycle. The
order of the steps in the accounting cycle are: recording
in the journal, posting to the ledger, preparing a trial
balance, and preparing the financial statements.
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Answer / nasir
A step by step work of recording transactions in the form of journal day by day, posting them to the ledger accounts, preparing a trial balance from all the ledger accounts and finally preparation of the Financial Statements............
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