Advertisements
Advertisements
प्रश्न
State four stages of Accounting cycle.
टिप्पणी लिखिए
उत्तर
- Recording Financial Transactions in Journal (Journalising): Financial transactions are recorded in the book of original entry i.e. journal.
- Posting in Ledger: The entries recorded in journal are transferred periodically to appropriate accounts in ledger.
- Trial Balance: The balances of various accounts appearing in ledger are transferred to trial balance.
- Income Statement: At the end of year an income statement is prepared from the trial balance.
shaalaa.com
Accounting Cycle
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
APPEARS IN
संबंधित प्रश्न
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 ______.
What is accounting cycle?
Every transaction has four effects on accounting records. Give two reasons either for or against.
Explain the accounting cycle.
