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The Accounting Cycle

The Accounting Cycle

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Title: The Accounting Cycle

Essay Details:

Subject: Business

Author: Shannon H

Date: May 16, 2016

Level: University

Grade: A

Length: 4 / 1002

Essay text:

Take an after closing trial balance. 10. If needed, do reversing entries and post to the ledger. This paper will discuss these steps in detail. Because I work at home, I am not currently involved in any of the steps of the accounting cycle. The examples I give in this paper will be from various jobs I have held in the past. The fist step is to analyze and classify events. In order to enter the transactions, the recorder must first decide what needs to be recorded. An event should be recorded "if it is measurable, and is relevant and reliable" (Kieso, Weygant, & Warfield, 2004). Although there are some events that increase the assets of the business, they are not all able to be recorded...

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