Book- principles of accounting-McGraw hill
What are the steps in completing the accounting cycle? How do the different steps affect the financial statements? What is the effect on the financial statements of missing a step when completing the accounting cycle? How do these steps play a role in accrual basis accounting? In what order are accounts arranged in the general ledger? Why? What is the purpose of a journal? What is an audit trail? Why is it desirable to have an audit trail?
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