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What do you mean by an Accounting Cycle....?????
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Answer Posted / anand paudel
accounting cycle start from journal entry i.e recording the
transaction and next step is posting into the ledger a/c
after ledger a/c it involves in preparation of trial
balance and finally final account i.e Trading&p/l a/c and
balance sheet.this process is called accounting cycle and
for next year it is again start from journal entry and ends
with final account.
| Is This Answer Correct ? | 21 Yes | 1 No |
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