0
What else can I help you with?
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
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.
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
What accounting principle is used to start the accounting cycle?
The accounting cycle typically begins with the application of the Accrual Basis of Accounting principle. This principle dictates that revenues and expenses are recognized when they are earned or incurred, regardless of when cash is exchanged. This approach ensures that financial statements accurately reflect a company's financial position and performance during a specific period. Thus, transactions are recorded in the accounting records as they occur, initiating the cycle.
What is the Answers to Accounting Cycle Review Problem A?
i need help
