Advertisements
Advertisements
Question
What is accounting cycle?
Very Short Answer
Advertisements
Solution
Accounting cycle refers to a complete sequence of accounting activities. It begins with recording of transactions and ends with the preparation of Balance Sheet.
shaalaa.com
Accounting Cycle
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Financial position of a business is ascertained on the basis of ___________.
What are the steps involved in the process of accounting?
Ledger is also called the ______.
The accounting cycle consists of ______.
It refers to a complete sequence of accounting activities.
The first step in accounting cycle is ______.
Accounting cycle ends with the ______.
“Every transaction has four effects on accounting records.” Give two reasons either for or against.
State four stages of Accounting cycle.
Explain the accounting cycle.
