951iExplain the process involved in accounting. What are the obiective – InterviewSolution

1.	951iExplain the process involved in accounting. What are the obiectives of accounting?.
Answer» Theaccounting processis a series of activities that begins with a transaction and ends with the closing of the books. Because thisprocessis repeated each reporting period, it is referred to as theaccountingcycle and includes these majorsteps: ... Analyze and classify the transaction

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