andriajah Fri Jun 2023 1 year ago

The Real Concept of the Accounting Cycle (Beginners Must Watch)

The Accounting Cycle is a process consisting of stages aimed at creating financial reports for a certain period, and this process will repeat itself in the next period.

The Accounting Cycle consists of stages that are EACH OTHER, so if you want to master basic accounting knowledge well, then you should really understand the relationship or interrelationship between the stages in the accounting cycle.

The accounting cycle stage begins with analysis of evidence of financial transactions, this is because the recording process in accounting can be carried out after a financial transaction occurs, from the financial transactions that occur, evidence of financial transactions appears. Now the evidence of financial transactions is the INPUT of the accounting process, while the OUTPUT is the Financial Report. .

To study the accounting cycle for service companies in sequence (systematic), please watch the following videos one by one so that you master all service accounting material correctly:

1 How to Make a General Journal for a Service Company: https://youtu.be/sVQjnVbIX_E
2 Ways to Make a Ledger: https://youtu.be/6la88G7V7K4
3 Ways to Prepare a Trial Balance: https://youtu.be/C9-_N5H8_Aw
4 Ways to Make a Service Company Adjustment Journal: https://youtu.be/5mPr1vaTWVo
5 Ways to Post Adjusting Entries to the General Ledger: https://youtu.be/2lbDpX-UHJA
6 Ways to Make a Work Balance Sheet: https://youtu.be/2I5wFezTviY
7 Ways to Make Financial Reports for Service Companies: https://youtu.be/6zETAHLnZkk
8 Ways to Make a Cash Flow Report: https://youtu.be/EfG46F14zM8
9 Ways to Make a Closing Journal: https://youtu.be/nIM5dN-RSJc
10 Ways to Post Closing Journals to the Ledger: https://youtu.be/F9zB47tVK-U
11 Ways to Prepare a Trial Balance After Closing: https://youtu.be/zpkmS5tcUA8
12 How to make a Reversal Journal: https://youtu.be/ylo2zDhTd6Y
13 Ways to Post Reversal Journals to the Ledger: https://youtu.be/c7hRo0IyDM8
14 Ways to Prepare a Trial Balance after Reversal: https://youtu.be/8wSRUMJQtmE
.

For those of you who prefer to learn accounting by reading rather than watching video tutorials, please read the complete accounting material discussion on our site
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#accountingcycle #meaningofaccountingcycle #accountingtutorial
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