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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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