Collecting daa, transaction analysis, journalizing transaction, posting to ledger account, preparing a trial balance
what are the phases of accounting?
Four phases of accounting is as follows:RecordingClassifyingSummarizingInterpreting.
four phases of accounting and their meaning
There are 4 phases of accounting as follows:RecordingClassifyingSummarizingInterpration
Answeridentifyingrecordingclassifyingsummarizingcommunicating
accounting is the systematic representation
The two main phases of a cell cycle are interphase and mitosis.
The gait cycle consists of two main phases: the stance phase and the swing phase. The stance phase involves the foot being in contact with the ground, accounting for about 60% of the gait cycle, during which weight is transferred from one leg to the other. The swing phase occurs when the foot is off the ground, allowing the leg to move forward to prepare for the next step, making up the remaining 40% of the cycle. Together, these phases facilitate efficient locomotion.
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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.
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.
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.