what is the first step of accounting process


questioned by administrator @ in Accountancy viewed by 180 People


Which one of the following is the first step of

accounting process ?a) communicating to the Intrested parties.b) Measurement of transactionsc) Identification and recording of financial transactions and eventsd) Analysing.​

Answered by administrator @



Contents

Steps of the accounting cycle.

Step 1: Analyze and record transactions.

Step 2: Post transactions to the ledger.

Step 3: Prepare an unadjusted trial balance.

Step 4: Prepare adjusting entries at the end of the period.

Step 5: Prepare an adjusted trial balance.

Step 6: Prepare financial statements.


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