The Accounting Cycle

1. Gather the Documents

2. Analyze and Record

3. Post to the Ledger

4. Prepare a Trial Balance

5. Prepare a Worksheet for Adjustments & Financial Statements

6. Prepare the Financial Statements

7. Journalize & Post the Adjusting Entries

8. Journalize & Post the Closing Entries

9. Prepare the Post Closing Balance

10. Journalize and Post the Reversing Entries

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This entry was posted on Friday, June 27th, 2008 at 6:21 pm and is filed under Accounting. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “The Accounting Cycle”

  1. Nina Says:
    June 28th, 2008 at 12:53 pm

    Nice one! tho I really hate accounting :(

  2. Loud&Raw Says:
    June 28th, 2008 at 3:06 pm

    hi nina. i myself hate accounting, but i am learning to appreciate it little by little though. why? cause i need to pass my course! haha! :)

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