Procces of accounting in briefly

1.	Procces of accounting in briefly
Answer» The\xa0accounting process\xa0is a series of activities that begins with a transaction and ends with the closing of the books. Record the transaction by making entries in the appropriate journal, such as the sales journal, purchase journal, cash receipt or disbursement journal, or the general journal.\xa0The\xa0accounting cycle\xa0is a collective process of identifying, analyzing, and recording the\xa0accounting\xa0events of a company. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements.

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