accounting cycle

what is accountiny cycle?
                                  accounting cycle is the process which tell us how we start the process of accounting on any transaction or events. they normaly consist on eights steps.
1.journal general
2.legders
3.trial balance
4.adjusting entries
5.adjusted trial balance
6.financial statements
7.closeing entiers
8.post closeing trial balance

JOURNAL GENERIAL.
                                        it is the frist book of accouting in which entries or tranciation are recorded .it tell us orginal entry of the business.
LEDGERS
                 it is the socend book of the accounting in which we post the entries we are recorded in jonrnal.each transaction or entry have its separat ledger .and ledgers hav two form (T-form and runing form ledgers)
UNADJUSTED TRIAL BALANCE.
                                                            trial balance is the thried book of accounting. it have two colums one is callled debit and other one is called credit colums.unadjusted trial balance is made from ledgers and they have equal balance of debit and credit.
ADJUSTING ENTRIES
                                        those entries which are pas to adjust our accounts at the each end of acccounting period is called adjustind entries.
ADJUSTED TRIAL BALANCE
                                                    those trial balance which are made after adjusting entries is called adjusted trial balance.
FINANCIAL STATEMENTS
                                                   those statements which shows the financial postion of the business eihter the business is going profit or loss is called financial statements. they have five types
1.income statement
2.balance sheet
3.cash flow statement
4.statement of change in equity
5.note of come.
CLOSEING ENTRIES
                                      the entries which are pas to close the accounts at the end of accounting period is called closing entries.thies four types of accounts are close afters accounting period 1.income 2.expenes 3.retained earing 4.dividend
POST CLOSING TRIAL BALANCE
                                                             trial balance which are made after closind entries is called post closing trial balance. it is also called balance sheet.