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1. What is accounting cycle? List the sequential steps involved in Accounting cycle?

May 10, 2011 By: Meliza Category: Uncategorized

The Accounting Cycle is a series of steps which are repeated every reporting period. The process starts with making accounting entries for each transaction and goes through closing the books.

Use this tutorial for an overview of the accounting cycle, covering activities required both during and at the end of the accounting period.

Accounting Cycle

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