What is the correct order of steps in the accounting cycle?
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements
Section: Chapter Questions
Problem 3DQ
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What is the correct order of steps in the accounting cycle?
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Step 1
Accounting is very important process used in business. The main purpose of accounting is to record all the transactions and provide output to various financial statement holders.
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