3 3: Define and Describe the Initial Steps in the Accounting Cycle Business LibreTexts
Contents:Step 3. Prepare the Adjusted Trial BalanceFirst Four Steps in the Accounting CycleClosing:
Once you’ve made the necessary correcting entries, it’s time to make adjusting entries. In short, an accounting cycle makes sure that all of the money passing through your business is actually “accounted” for. We will address these three parts of the accounting process […]