Thursday, January 31, 2008

The Accounting Cycle

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.
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