There are a cycle of procedures performed, transactions recorded , and statements prepared every accounting period (typically monthly). At the end of the period, the cycle continues around again.
Over the next several entries I will discuss some parts of the accounting cycle in greater detail. In my next blog post, I intend to discuss the process of journalization.
--Sincerely, Trevor Stasik.
To return to initial post in my Accounting Review Guide, click HERE.
Accounting Cycle, Journalizing, Accounting, Process