Steps in Accounting cycle - DBA502E-19EX-M02-QX by TANZ eCampus https://padlet.com/itsupport4/z84ivcmjj4em DBA502 - Applied Accounting en-us 2019-01-15 23:01:01 UTC 2025-12-14 05:42:08 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Bigthunderstorm.png Close the accounts itsupport4 https://padlet.com/itsupport4/z84ivcmjj4em/wish/321035671 2019-01-15 23:01:01 UTC https://padlet.com/itsupport4/z84ivcmjj4em/wish/321035671 Prepare financial statements itsupport4 https://padlet.com/itsupport4/z84ivcmjj4em/wish/321035672 2019-01-15 23:01:01 UTC https://padlet.com/itsupport4/z84ivcmjj4em/wish/321035672 Journalise and post adjusting entries itsupport4 https://padlet.com/itsupport4/z84ivcmjj4em/wish/321035673 2019-01-15 23:01:01 UTC https://padlet.com/itsupport4/z84ivcmjj4em/wish/321035673 Prepare a trial balance itsupport4 https://padlet.com/itsupport4/z84ivcmjj4em/wish/321035674 2019-01-15 23:01:01 UTC https://padlet.com/itsupport4/z84ivcmjj4em/wish/321035674 Post transactions to ledger accounts itsupport4 https://padlet.com/itsupport4/z84ivcmjj4em/wish/321035675 2019-01-15 23:01:01 UTC https://padlet.com/itsupport4/z84ivcmjj4em/wish/321035675 Journalise transactions itsupport4 https://padlet.com/itsupport4/z84ivcmjj4em/wish/321035676 2019-01-15 23:01:01 UTC https://padlet.com/itsupport4/z84ivcmjj4em/wish/321035676 Collect and analyse info from source docs itsupport4 https://padlet.com/itsupport4/z84ivcmjj4em/wish/321035677 2019-01-15 23:01:01 UTC https://padlet.com/itsupport4/z84ivcmjj4em/wish/321035677 https://padlet.com/itsupport4/z84ivcmjj4em/wish/330710777 1Tax Invoice
2Bank deposit slip
3Receipts]]> 2019-02-13 08:57:19 UTC https://padlet.com/itsupport4/z84ivcmjj4em/wish/330710777 https://padlet.com/itsupport4/z84ivcmjj4em/wish/330716364 Every entry must have at least one debit and one credit.
Debits are listed first then credits.
Debits must always equal credits

]]> 2019-02-13 09:18:45 UTC https://padlet.com/itsupport4/z84ivcmjj4em/wish/330716364 https://padlet.com/itsupport4/z84ivcmjj4em/wish/330717585 Post from the Journal account.
Use the Journal date.
Add Journal page reference.]]> 2019-02-13 09:23:03 UTC https://padlet.com/itsupport4/z84ivcmjj4em/wish/330717585 https://padlet.com/itsupport4/z84ivcmjj4em/wish/334046844 Prepare accounts in order  of  assets, liabilities, equity, dividends, revenues, and expenses.
Check every account balances.
Check for missing transcations

]]> 2019-02-22 08:40:27 UTC https://padlet.com/itsupport4/z84ivcmjj4em/wish/334046844 https://padlet.com/itsupport4/z84ivcmjj4em/wish/334048704 Prepare the Balance sheet, Income statement and Statement of cash flows.]]> 2019-02-22 08:48:50 UTC https://padlet.com/itsupport4/z84ivcmjj4em/wish/334048704 https://padlet.com/itsupport4/z84ivcmjj4em/wish/334053287 Adjust entries where required. Accrued and unearned revenue and accrued and prepaid expenses]]> 2019-02-22 09:08:50 UTC https://padlet.com/itsupport4/z84ivcmjj4em/wish/334053287 https://padlet.com/itsupport4/z84ivcmjj4em/wish/334643247 Close out Revenues, Expenses and Dividends accounts

]]> 2019-02-24 23:14:04 UTC https://padlet.com/itsupport4/z84ivcmjj4em/wish/334643247