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Discuss the stages of accounting process? |
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Answer» Answer: The STEPS are :- Step 1: Identify TRANSACTIONS. ... Step 2: Record Transactions in a Journal. ... Step 3: Posting. ... Step 4: Unadjusted Trial Balance. ... Step 6: Adjusting Journal Entries. ... Step 7: Financial Statements. ... Step 8: Closing the Books. |
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