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How to define accounting Flow in brief?

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Question ajoutée par SUBHAN AHMED SIDDIQUI , Assistant Accounts Manager , Bigpond Technology
Date de publication: 2016/04/02
HASSAN AHMED
par HASSAN AHMED , Internal Auditor , TIE

Accounting flow is a process step by step, to record, post, adjust, and closing. These are the main steps but some accountant will define these steps into three like recording, classification and summarization.

Muhammad Kamran Gunjial
par Muhammad Kamran Gunjial , Assistant Accountant , 786 Solution

Accounting cycle flow in Follow Steps

1.Books of Prime Entry or Day books.

2.Posting double entry.

3.Posting to ledger. A/C.

4.Closed off  A/C balances.

5.Extract trail balances.

6. Make adjusting entries.

7.Adjusted trail balances.

8.Prepare Financial Statements.

 

 

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