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About NUS ACC1002X Lecture 2 Accounting Cycle (I) - Recording
This document discusses the accounting cycle and basic accounting concepts. It explains that the accounting cycle consists of 4 steps: 1) analyzing and recording transactions, 2) posting journal entries to ledgers, 3) preparing a trial balance to summarize effects, and 4) preparing financial reports. It also covers key concepts like T-accounts, debits and credits, the general journal, and how transactions are recorded following double-entry bookkeeping. The goal is to introduce the fundamental process and mechanics of recording a company's financial activities.
Detailed Information
| Author: | ['chestervale1'] |
|---|---|
| Publication Year: | 2013 |
| Pages: | 29 |
| Language: | English |
| Format: | |
| Price: | FREE |
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