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What is the accounting cycle? Explain every step starting from analyzing transactions to preparing post-closing trial balance.

Q1. On your own words, outline the accounting principles and assumptions and explain each one. (Marks5) Q2. What is the accounting cycle? Explain every step starting from analyzing transactions to preparing post-closing trial balance. (Marks5) Q3. Based on the following trial balance for ABC Co, prepare an income statement, statement of retained earnings and a […]

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