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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 725 |
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The accounting cycle is "a ten step process, a simple means of organizing and keeping track of financial transactions, accommodates the needs of both individual and large corporations. Each time an item is purchased or sold it must be recorded."(Encarta.msn.com-cited 8th April) the steps include: 1. Transaction made 2...
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Each time an item is purchased or sold it must be recorded."(Encarta.msn.com-cited 8th April) the steps include: 1. Transaction made 2. Analyse and classify 3.Put in corresponding journal 4.Post from general journal into general ledger 5.Trial balance 6.Make any adjusting entries 7.Adjust trial Balance 8...
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