ACCOUNTING CYCLE : Write a two-page report to describe the Accounting cycle .

Accounting by Geoffrey

ACCOUNTING CYCLE

Write a two-page report to describe the Accounting cycle .

Use charts and diagrams. Use the following sub-headings to format your report professionally.

  1. Describe each step of the cycle.
  2. Show examples of a journal entry and a T-account in the appropriate places.
  3. Describe the necessity for Accruals accounting in the modern business environment.