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The purpose of accounting is to provide important financial information in order to make fast and precise decisions. The Krebs Cycle's purpose is to produce ATP that cells can use, occurs in animal cells. The Krebs Cycle is in chloroplasts and is used to produce gluclose for cell

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Explan the term accounting cycle why is it called cycle?

accounting is the systematic representation


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 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.


What is the focal point of the accounting cycle?

focal point of accounting cycle


The purpose of Statements of Financial Accounting Concepts is to?

The purpose of Statements of Financial Accounting Concepts is to : A establish GAAP.


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 purpose of accounting?

The purpose of accounting is to provide important financial information in order to make fast and precise decisions.


What are the purpose of management accountong?

The purpose of management or managerial accounting is to obtain financial information to help make business decisions. Another type of accounting is financial accounting.


What is the purpose of a financial accounting standards board?

The purpose of the Financial Accounting Standards Board is to develop (GAAP) generally accepted accounting principles in the US that are in the public's interest.