Friday, 18 November 2011

Accounting Cycle - Accounting

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  5. Income Statement and Balance Sheet

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  8. Then financial statements are prepared.
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  9. After preparing the adjusted trial balance,the financial statements i-e Income statement,The statement of retained earnings,and The Balanace sheet are prepared.
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  15. After that financial statments are prepared like Income statement,statement of retained earnings and Balanace sheet.
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    Finally the after closing trial balance is prepared.

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  27. Organizing the accounts into the financial
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