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Accounting Cycle

The Accounting Cycle is a series of steps which are repeated every reporting period. The process starts with making accounting entries for each transaction and goes through closing the books.
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  • My Accounting Cycle - Flash Cards
    My Accounting Cycle - Flash Cards (Drill and Practice)
    Use these flash cards to practice your grasp of debits, credits, the journaling process, and other terms associated with... More
  • Accounting Cycle Overview
    The Accounting Cycle is a series of steps which are repeated every reporting period. The process starts with making... More
  • Adjusting Entries in Accounting
    Adjusting Entries are journal entries that are made at the end of the accounting period to adjust expenses and revenues... More
  • Balancing an Unbalanced Trial Balance
    Preparing a trial balance is a key step in the accounting cycle, but what do you do if your trial balance doesn't... More
  • Chart of Accounts
    Chart of Accounts (Tutorial)
    The chart of accounts is a numerical listing of all identified accounts used by a company to record transactions. Learn... More
  • General Ledger Accounting
    The general ledger is where all accounting transactions are posted in a double entry system using debits (on the left)... More
  • Preparing a Trial Balance
    After entering your transactions, preparing a trial balance is the next step in the accounting cycle. Learn how to build... More
  • Overview of Financial Statements
    After preparing your adjusted trial balance, the next step in the accounting cycle is to prepare your financial... More
  • Debits and Credits
    Debits and Credits (Tutorial)
    The most critical concept for any accounting student to master is an understanding of debits and credits. Many textbooks... More
  • Accounting Cycle Quiz
    Accounting Cycle Quiz (Drill and Practice)
    Review accounting cycle terms and definitions like adjusting entries, the chart of accounts, and adjusted trial balance... More