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The Accounting Cycle

Arrange the correct sequence of the accounting cycle.

sankasilva
Created Date 06.09.21
Last Updated 06.10.21
Viewed 5 Times
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Topics of this game:
  • Example: invoice, debit note, credit note
  • Example: sales journal, cash book, Journal
  • Collection of ledger accounts
  • Statement which shows the list of balances at a specific date
  • Adjustments made to ledger accounts as per the accrual basis
  • Example: Income statement, statement of financial position
  • Example: Accounting ratio analysis (or financial statement analysis)