The Recording classifying summarizing and presenting phases of accounting with comprehensive example?

Major Steps in Accounting Cycle

The major steps involved in the accounting cycle are:

1. Analyzing and Recording Transactions via Journal Entries
2. Posting Transactions to Ledger Accounts
3. Preparing Unadjusted Trial Balance
4. Preparing Adjusting Entries at the end of the Period
5. Preparing Adjusted Trial Balance
6. Preparing Financial Statements
7. Closing Temporary Accounts via Closing Entries
8. Preparing Post Closing Trial Balance

Accounting Cycle Flow Chart