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About Lecture 3 Accounting Cycle
The accounting cycle consists of a series of steps performed within an accounting period to record business transactions and financial activities. The steps include: [1] recording transactions in journals, [2] posting to ledgers, [3] preparing an unadjusted trial balance, [4] making adjusting entries, [5] preparing financial statements, [6] making closing entries, and [7] preparing a post-closing trial balance. The document provides details on analyzing transactions, journalizing entries, posting to accounts, and preparing an unadjusted trial balance to check debit-credit equality and detect errors.
Detailed Information
| Author: | ['edith carbonel'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 8 |
| Language: | English |
| Format: | |
| Price: | FREE |
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