what are the phases of accounting?
Four phases of accounting is as follows:RecordingClassifyingSummarizingInterpreting.
There are 4 phases of accounting as follows:RecordingClassifyingSummarizingInterpration
four phases of accounting and their meaning
Answeridentifyingrecordingclassifyingsummarizingcommunicating
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Four phases of accounting is as follows:RecordingClassifyingSummarizingInterpreting.
There are 4 phases of accounting as follows:RecordingClassifyingSummarizingInterpration
four phases of accounting and their meaning
Answeridentifyingrecordingclassifyingsummarizingcommunicating
rhrhqeh
identifying measuring summarizing classifying
recording classifying summarizing interpreting
idenfying measuring recording classifying summarizing
Following are four phases of accounting:Recording - Recording in journalClassifying - Classifieng to ledgersSummarizing - Summarizing to financial statementsInterpreting - Financial ratios etc.
Collecting daa, transaction analysis, journalizing transaction, posting to ledger account, preparing a trial balance
Myron Morrison Strain has written: 'Some specialized phases of accounting practice' -- subject(s): Accounting, Brokers, Contractors' operations, Lumber trade, Mineral industries 'Industrial balance sheets' -- subject(s): Accounting, Business
The four phases of accounting are: identification and record, sorting and classification, summarizing and presentation, and interpretation. The first two involves creating a log of financial transactions and categorizing them. Summarizing is the creation of charts, while interpretation is coming up with solutions to increase profit.