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What are the activities involved in the accounting process and explain each?
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3 important activities in accounting process?
real accounting, nominal accounting,personal accounting
How we can differentiate traditional costing from backflush costing?
in backflush accounting the inveniery is not hold.work in process is not involved
How often is the recording process in accounting?
How often is the recording process in accounting?
Which accounting principle directs the depreciation process?
Which accounting principle directs the depreciation process?
What are the activities in the accounting process?
The accounting process or accounting cycle consists of activities that are performed in three phases. Each phase is performed over certain time periods.Phase 1The activities in the first phase are performed daily:Analyze transactions that occurEnter transactions into the journalPost the journal entries to the ledger accountsPhase 2The activities in the second phase are performed periodically depending on how a company's accounting department is structured. They may be performed weekly, monthly, quarterly, or annually:Prepare trial balancesEnter adjusting entries into the journal and post to ledger accountsPrepare an adjusted trial balancePhase 3These activities are performed by the company annually at the end of a fiscal year:Prepare financial statementsMake closing entries in the journal and post to ledger accountsPrepare a post-closing trial balance
What are the activities involved in the accounting process?
Activities Involved in Accounting are : 1) Identifying 2) Measuring 3) Recording 4) Classifying 5) Communicating 6) Summarizing 7) Analyzing 8) Interpreting 9) Reporting 10) Decision Making
3 important activities in accounting process?
real accounting, nominal accounting,personal accounting
What is the activities of the asset accounting sub-process?
Which of the following is an activity of the Asset Accounting sub-process
Explain what accounting is?
In simple terms Accounting is the process(technique) of identifying, recording, summarizing, analysing and interpreting transactions & events.
What are the seven steps involved in the process of personal selling?
Explain the various stages involved in the personal selling process
Definition of accounting according to PICPA?
accounting is the process of counting starting from the letter A.
Human activities such as contruction incresesnthis process?
no movement of sediment is involved
How we can differentiate traditional costing from backflush costing?
in backflush accounting the inveniery is not hold.work in process is not involved
What term used to be used interchangeably with accounting?
Prior to the late 1800s, the terms bookkeeping and accounting were often used interchangeably because the recording/posting process was central to both activities
Define and distinguish between entries on the books and entries on the workpapers and explain why such an entries on the books and on the workpapers are required in the consolidation process?
what is distinguish between bookkeeping and accounting? what is distinguish between bookkeeping and accounting? what is distinguish between bookkeeping and accounting?
How often is the recording process in accounting?
How often is the recording process in accounting?
What are the major system designs activities explain them?
its a process starting with right hand and finish with the left hand
