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The accounting cycle is a collective process of identifying, analyzing, and recording the accounting events of a company. We have covered 7-steps in the form of tutorials.
The steps of the accounting cycle include:
1- Analyse business transactions.
2- Journalize transactions
3- Post to ledger accounts.
4- Prepare a trial balance.
5- Journalize and post adjusting entries.
6- Prepare an adjusted trial balance.
7- Prepare financial statements.

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