Process of accounting

1
Input Outpu t Economic events measured in financial terms Accounting Cycle Recordin g transact ions in the books of original entry Posting To Ledgers Preparati on Of Trail Balance Preparati on Of Final Accounts Communicatin g Information to Users Internal Users External Users PROCESS OF ACCOUNTING

Transcript of Process of accounting

Page 1: Process of accounting

Input

OutputEconomic events measured in financial terms

Accounting Cycle

Recording transactions in the books of original entry

PostingTo

Ledgers

PreparationOf

Trail Balance

PreparationOf

Final Accounts

CommunicatingInformation to

Users

Internal Users External Users

PROCESS OF ACCOUNTING