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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 a solution of Accounting problem meigs and meigs 9th edition chapter 9 Exercise 9-5?

Oh, there are so many beautiful solutions to accounting problems, my friend! For Exercise 9-5 in Meigs and Meigs 9th edition, take your time to carefully review the problem, read the instructions, and work through it step by step with a calm and focused mind. Remember, there's no mistakes in art or accounting, just happy little accidents that help us learn and grow. Happy painting!


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.


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.


What is the duration of the review cycle for the project?

The duration of the review cycle for the project is the length of time it takes to complete the review process from start to finish.


Do all companies have an accounting cycle?

Any well run company does have accounting cycles.


How many steps are there in the accounting cycle?

9 steps