Accounting Cycle

What is the accounting cycle, and how does it work?

What is the accounting cycle, and how does it work?

According to bookkeeping process that is used to produce information for business stakeholders about the company‚Äôs financial performance and position, for a specific period (monthly, quarterly, annually). The primary reason why the accounting cycle is required in every business is that it maintains all the financial data consistently, accurately, and in an organized format. Also,…

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