ACCT 301 The Accounting Cycle

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Following are the key steps that accounting cycle include as per the course ACCT 301 The Accounting Cycle:

• Recording journal entries
• Posting to the general ledger
• Calculating trial balances
• Making adjusting entries
• Creating financial statements

Also following eight steps of the accounting cycle include the following as per the course ACCT 301 The Accounting Cycle are:

• Identify Transactions
• Record Transactions in a Journal
• Posting
• Unadjusted Trial Balance
• Worksheet
• Adjusting Journal Entries
• Financial Statements
• Closing the Books

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