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Explain the different steps of accounting …

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Explain the different steps of accounting process

    • Posted by Sahil Dewan 6 years, 5 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Sia ? 6 years, 5 months ago

    The steps involved in the process of accounting are as follows:

    1. Identifying the financial transactions.
    2. Recording these transactions in the books of accounts.
    3. Classifying the recorded entries in separate accounts.
    4. Summarising the classified records.
    5. Analysis and interpretation of financial statements.
    6. Communicating the accounting information to the users

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    • Posted by Arya Patel 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers

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