Accounting cycle

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the five steps to an effective financial cycle

What is the Accounting Cycle? The Accounting Cycle helps you turn your raw financial information into financial statements that you can use to manage and grow your business. It explains the process of recording transactions, creating financial statements, and closing accounts for the next period.

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the eight steps to successful financial success in an info - driven business plan, including five steps

The 8 accounting cycle steps are: Identifying transactions, prepare general journal, General Ledger, trial balance, adjusting entries, Adjusted Trial Balance, financial statements and the Closing accounts.

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