Accounting Cycle

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The final step of the accounting cycle

journalize closing entries and prepare post closing trial basis

The fourth step of the accounting cycle

prepare financial statements

Accounting Cycle

a sequence of activities undertaken by accountants to accumulate and report the financial information of a business

The first step of the accounting cycle

analyze transactions from source documents

the third step of the accounting cycle

journalize adjusting entries and prepare adjusted trial balance

The second step of the accounting cycle

journalize transaction and prepare adjusted trial balance


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