Answer:
Accounting cycle
Explanation:
Accounting cycle is the sequence of accounting procedures to record, classify and summarize accounting information.
The processes include;
- Analyzing and Classify Data about an
- Economic Event.
- Journalizing the transaction.
- Posting from the Journals to General Ledger.
- Preparing the Unadjusted Trial Balance.
- Recording Adjusting Entries.
- Preparing the Adjusted Trial Balance.
- Preparing Financial Statements.
- Recording Closing Entries.
- Preparing a Closing Trial Balance.
- Recording Reversing Entries.
