Step-by-Step Guide: Mastering the Accounting Cycle Part 2
This article continues our discussion on the accounting cycle. Part 1 covered the early stages—analyzing transactions, recording journal entries, and preparing an unadjusted trial balance. Now, we pick up from Step 5 and go through closing the books, advanced tips, real-world examples, and a few final thoughts. By the end, you will see why the […]
