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About FAR.2855 Accounting Process. 1 PDF
The document discusses the accounting process and adjusting entries. It outlines the typical steps in the accounting cycle as 1) analyzing transactions, 2) journalizing, 3) posting to ledgers, 4) preparing a trial balance, 5) making adjusting entries, 6) preparing financial statements, 7) closing accounts, and optionally 8) making a post-closing trial balance and reversing entries. It also discusses the purpose of adjusting entries is to ensure expenses and revenues are recorded in the appropriate period. The summary provides a high-level overview of the key topics and steps discussed in the document in under 3 sentences.
Detailed Information
| Author: | ['Vhia Rashelle Galzote'] |
|---|---|
| Publication Year: | 2022 |
| Pages: | 3 |
| Language: | English |
| Format: | |
| Price: | FREE |
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