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Which one of the steps below is not aided by the preparation of the work sheet?
Wiki User
∙ 11y ago
posting to the general ledger
Wiki User
∙ 11y ago
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What are the steps in the accounting cycle?
The 8 steps in an accounting cycle areRecord transactions in journal.Post transactions to ledger accounts.Prepare adjusting entries at end of fiscal period and post to ledger accounts.Prepare summary of account balances.Prepare income statement from revenue and expense account balances.Close revenue and expense accounts to Retained Earnings.Prepare post-closing summary of account balances.Prepare balance sheet and statement of cash flows.
What is an accounting cycle and how does it help in the accounting process?
ACCOUNTING CYCLE : An accounting cycle is a complete sequence beginning with the recording of the transactions and ending with the preparation of the final accounts.The sequential steps involved in an accounting cycle are as follows : 1.jounalizing,2.posting,3.balancing.4.trail balance,5.income statement(trading & profit & loss account to ascertain the profit or loss for the accounting period),6.position statement(balance sheet) ACCOUNTING PROCESS IS ALSO CALLED ACCOUNTING CYCLE. ACCOUNTING PROCESS : It consists of the following stages/helps : 1.recording of entries for all business transactions in journal. 2.posting of entries into ledger. 3.balancing of accounts. 4.preparing of trail balance with the help of different accounts to know the arithmetical accuracy. 5.preparing final accounts with the the help of trial balance.----trading & profit and loss account to know the profit or loss.-----balance sheet to know the financial position (of a company for year end or a period)
What are the eight steps in the accounting cycle?
Eight steps are as follows:TransactionJournal entryPostingTrial balanceWork sheetAdjusting entriesFinancial statemnetsClosing the books
What are the basic steps of transaction analysis?
There are four basic steps to the accounting cycle and transaction analysis. They steps are to analyze business events, record the effect of these events, summarize the effects of the events, and to prepare the reports on that subject.
How to develop an organizational structure?
what are the steps taken when developing a virtual organizational structure? what are the steps taken when developing a virtual organizational structure?
What are the steps in preparation?
ploughing levelling manuring
What are the steps in the preparation of the technical paper?
pooh!
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Ingredients Cooking time Steps of preparation Preparation time
What are the steps in soil preparation?
ploughing levelling manuring
What is a webquest?
A webquest is a series of steps you follow on the internet to complete a task sheet or question sheet
One of the first steps in the enrichment of uranium for use in nuclear power plants involves a displacement reaction between UO2 and aqueous HF?
The two steps are: the preparation of UF4 followed by the preparation of UF6.
Discuss the steps to be taken in preparation of detailed project report DPR?
The steps to be taken in preparation of detailed project report (DPR) include doing surveys, analysis of rates, specifications, and much more.The steps to be taken in preparation of detailed project report (DPR) include selection of alignment, survey,analysis of rates, specifications, estimates, and much more.
Components that go into the preparation of a sales budget Briefly describe the steps involved in the preparation of the same?
which components have to be considered when preparing a sales budget?
What is the final step in food preparation?
Steps in food preparation: Chopping Brining Marinating Drying Fermentation Dicing Pickling
Six carbons enter the second stage of aerobic respiration how many depart during the preparation steps and the cycle proper?
Six carbons enter the second stage of aerobic respiration how many depart during the preparation steps and the cycle proper?
Who had the five formal steps of learning and teaching?
Johann Herbart. His five formal steps to learning and teaching are preparation, presentation, association, generalization and application.
What are the steps taken by the Commonwealth Government in the preparation for World War 2?
*the answer was deleted because it was rude*
