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must have staff who prepare financial statements on a monthly, quarterly, and/or annual basis. To meet these primary objectives, a series of steps is required. Collectively these steps are known as the accounting cycle.
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Explan the term accounting cycle why is it called cycle?
accounting is the systematic representation
What is the accounting cycle?
Accounting cycle comprises all of the accounting activities, from the recording of transaction up to the preparation of financial statements, which are repeatedly performed in every accounting period.
What is accounting cycle or process?
The sequence of activity which are followed in an organization,where accounting is pratise.the sequence of accounting procedure used to record classify and summarize accounting information is known as ACCOUNTING CYCLE/PROCESS.
What is the cost accounting cycle?
Accounting cycle comprises all of the accounting activities, from the recording of transaction up to the preparation of financial statements, which are repeatedly performed in every accounting period.
What is the answer to comprehensive problem1 the accounting cycle?
There is not a way to give you the answer to the comprehensive problem one on accounting cycle. You will have to study to answer this question.
Explan the term accounting cycle why is it called cycle?
accounting is the systematic representation
What is the accounting cycle?
Accounting cycle comprises all of the accounting activities, from the recording of transaction up to the preparation of financial statements, which are repeatedly performed in every accounting period.
What is accounting cycle or process?
The sequence of activity which are followed in an organization,where accounting is pratise.the sequence of accounting procedure used to record classify and summarize accounting information is known as ACCOUNTING CYCLE/PROCESS.
What is the cost accounting cycle?
Accounting cycle comprises all of the accounting activities, from the recording of transaction up to the preparation of financial statements, which are repeatedly performed in every accounting period.
What is accounting cycle?
An accounting cycle is basically all of the accounting procedures. This starts with journal entries and ends with the financial statements and closing of temporary accounts.
How would you describe an accounting statement?
Accounting statements provide financial details concerning the operation of a business or other form of organization.
What is the answer to comprehensive problem1 the accounting cycle?
There is not a way to give you the answer to the comprehensive problem one on accounting cycle. You will have to study to answer this question.
What is the focal point of the accounting cycle?
focal point of accounting cycle
What is the first step in accounting cycle?
First step in accounting cycle is Journalizing the business transaction in journal which is book of original entry.
Do all companies have an accounting cycle?
Any well run company does have accounting cycles.
How would you describe tge phosphorus cycle?
The phosphorus cycle is the biogeochemical cycle that describes the movement of phosphorus through the lithosphere, hydrosphere, and biosphere.
How many required steps are there in the accounting cycle?
9
