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Steps of the accounting cycle
    1. Making source documents
   2. Journalize transactions from source
    documents as they occur.
   3. Post debit and credit entries from the
    general journal to the general ledger
    accounts.
   4. Total account balances and prepare a trial
    balance.
   5. Prepare financial statements and present
    them to the users.
Accounting Cycle Steps Explained
Accounting Cycle Steps Explained
Accounting Cycle Steps Explained
Accounting Cycle Steps Explained
Accounting Cycle Steps Explained
Accounting Cycle Steps Explained
Accounting Cycle Steps Explained
Accounting Cycle Steps Explained
Accounting Cycle Steps Explained
Accounting Cycle Steps Explained

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Accounting Cycle Steps Explained

  • 2. Steps of the accounting cycle  1. Making source documents  2. Journalize transactions from source documents as they occur.  3. Post debit and credit entries from the general journal to the general ledger accounts.  4. Total account balances and prepare a trial balance.  5. Prepare financial statements and present them to the users.