Accounting cycle

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ACCOUNTING CYCLE: 1. Source Document ===> Capture Transaction Details 2. Journals ===> The logging of transactions into      accounting records. 3. Ledger ===> receives transaction records from the     Journal and organizes them by account so as to show     the transaction history of each accounting. 4.Trial Balances ===> is a list of closing balances of ledger     accounts on a certain date and is the first step towards     the preparation of financial statements     5.Financial Statements ===> Accounting Cycle, Management Accounting, Planning Strategies, Trial Balance, Financial Statements, Income Statement, Financial Accounting, Accounting And Finance, Growth Strategy

ACCOUNTING CYCLE: 1. Source Document ===> Capture Transaction Details 2. Journals ===> The logging of transactions into accounting records. 3. Ledger ===> receives transaction records from the Journal and organizes them by account so as to show the transaction history of each accounting. 4.Trial Balances ===> is a list of closing balances of ledger accounts on a certain date and is the first step towards the preparation of financial statements 5.Financial Statements…

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