Accounting Cycle – Finanssenteret

The Four Steps in the Accounting Cycle: Understanding the Basics

July 17, 2023 by Layla

What are the four steps in the accounting cycle? First Four Steps in the Accounting Cycle. The first four steps in the accounting cycle are (1) identify and analyze transactions, (2) record transactions to a journal, (3) post journal information to a ledger, and (4) prepare an unadjusted trial balance. Read more on openstax.org Accounting … Read more

Types of Ledger: Understanding the Accounting Cycle and 9 Steps of Accounting Cycle

July 15, 2023 by Germana

What are types of ledger? The three types of ledgers are the general, debtors, and creditors. The general ledger accumulates information from journals. Read more on en.wikipedia.org A ledger is a record of each financial transaction a company has made over a certain time period. It includes details on the business’s financial dealings, such as … Read more