Process of accounting
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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
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Transcript of 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