SUMMARY OF ACCOUNTING BASICS
STATEMENT OF CASH FLOWS. A summary of the cash receipts and cash payments of a business entity for a specific period of time, such as a month or a year. 6. Accounting Cycle: 1. Analyze and record transactions in journal. 2. Post transactions to ledger. 3. Prepare trial balance, assemble adjustment data, and . complete worksheet. 4. Prepare ... ................
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