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Q: What is accounting, in your own words? Why is it important? What are the steps in the accounting process? Which step seems to be the most difficult? Of the career options listed on pages 8-12 in
Accounting, which interests you most? Why?
A: In my own understanding, accounting is the learning skill/knowledge to know or to learn. It is important for it is the primary method in recording transactions. The steps are: 1. Identifying and Analyzing Business Transactions 2. [ Recording in the Journals 3. Posting to the Ledger 4. Unadjusted Trial Balance 5. Adjusting Entries 6. Adjusted Trial Balance 7. Financial Statements 8. Closing
Entries 9. Post-Closing Trial Balance The step seems to be the most difficult is 6. Adjusted Trial Balance. " ]
biokids513|Points 90|
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Asked 4/16/2013 7:36:43 PM
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