1 - Collect source document
2 - Analyze the transaction
3 - Journalize transaction
4 - Posting transaction
5 - Prepare unadjusted trial balance
6 - Prepare adjusting entries
7 - Prepare trial balance
8 - Prepare financial statements
Cost Accounting, Cost Analysis, Cost Controlling and Cost Planning
How often is the recording process in accounting?
Which accounting principle directs the depreciation process?
real accounting, nominal accounting,personal accounting
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.
9 steps
Cost Accounting, Cost Analysis, Cost Controlling and Cost Planning
How often is the recording process in accounting?
Which accounting principle directs the depreciation process?
real accounting, nominal accounting,personal accounting
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.
Which of the following is an activity of the Asset Accounting sub-process
Which of the following is an activity of the Asset Accounting sub-process
Which of the following is an activity of the Asset Accounting sub-process
list of various process of accounting information system
The basic steps in the recording process are Identify and analyzing transactions and events -> Recording in journals -> posting to the ledger -> Unadjusted trial balance -> Adjusting entries -> Adjusted trial balance -> Financial statement -> Closing entries -> Post closing trial balance
accounting process is a system account