Interested to Buy Any Domain ? << Click Here >> for more details...
what is the accounting cycle
- 2 Answers
- 6106 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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.
| Is This Answer Correct ? | 10 Yes | 1 No |
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............
| Is This Answer Correct ? | 1 Yes | 0 No |
what is a contra entry how it is passed in journal and cashbook?
what is the key factor while making cash & fund flow statement?
What do you mean by vouching?
What do you find is the most challenging part of your job ?
if accountant miss the journal entry of outstanding expenses. since its is a error of omission it cannot affect the Trial Balance how we auditor find it out.
what are the duties of an internal auditor
While conducting an audit, the IS auditor detects the presence of a virus. What should be the IS auditor’s next step? a) Observe the response mechanism. b) Clear the virus from network. c) Inform appropriate personnel immediately. d) Ensure deletion of virus.
2 Answers Hindustan Unilever Limited,
What's are difference between Capital Reserve & Reserve Capital ?
duties of auditor
what is the steel consumption per sq ft for ground plus 12 floors
Service tax for last 2 years not paid. while paying this year, do i need to pay for 3yrs or 1 yr?
7. Sarbanes-Oxley requires auditors of public companies to maintain audit documentation for what period of time? A) Not less than 3 years. B) Not less than 5 years. C) Not less than 7 years. D) Through the issuance of the financial statements.
Audit 
