Accounting Work: Accounting Cycle.

The history cycle for some institutions can be the equal or different depending on the type of brass section. Within a school district, such as North Merrick Union innocent School District, the accounting cycle is accommodate around the spend per child. It is also a not for profit organization; this differs from an organization in which a profit is the goal of the company. Being diligent as a Special Education Teacher aide-de-camp I dont really carry access to the whole accounting functioning. I do nab a portion of the process such as the time shroud for my hours worked and the final final result of my paycheck. Organizations do go through an accounting process in auberge to define and pay for their expenses. The accounting process is a serial of activities that begins with a performance and ends with the closing of the books. Because this process is perennial each account period, it is referred to as the accounting cycle and includes these study step: 1. Identi fy the traffic or other perceptible event. 2. Prep argon the transactions source enter such as a buy order or invoice. 3. Analyze and illumine the transaction. This step involves quantifying the transaction in monetary terms (e.g. dollars and cents), identifying the accounts that argon affected and whether those accounts are to be debited or credited. 4. Record the transaction by making entries in the appropriate journal, such as the sales journal, purchase journal, cash receipt or expenditure journal, or the general journal. Such entries are made in chronological order. 5. Post general journal entries to the ledger accounts. (2005, NetMBA.com). agree to the earnings Center for Management and Business Administration, Inc. the above steps are performed passim the accounting period as proceeding occur or in periodic batch processes (2005, NetMBA.com). At the end of the accounting... If you want to press a full essay, order it on our w ebsite: BestEssayCheap.com

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