The steps in the accounting cycle.

 

 

In your initial post, consider the steps in the accounting cycle. In what order do you think the financial statements should be produced? Specifically, does the position of the closing entries make sense to you as described in the textbook, or does it make more sense to produce the statements in the order described in Milestone One, in which the closing entries are completed before the income statement? Why or why not?

Then, in your follow-up posts, discuss your experiences working on Milestone One of the final project. Has the reading and homework prepared you for this work? What have been the challenges so far?

Sample Solution

Companies need to make sure their books are balanced and that they reflect all financial activity that occurred during an accounting period before the books are closed. This is accomplished through the accounting cycle, an eight-step process that helps businesses keep track of their financial activities by documenting, sorting and analyzing all transactions to ensure that each one is accounted for. Financial statements are compiled in a specific order because information from one statement carries over to the next statement. The trial balance is the first step in the process, followed by the adjusted trial balance, the income statement, the balance sheet and the statement of owner`s equity.

 

 

What is the Definition of True Love?

“I need to cherish you, I need to be thoughtful to you, I need to adore you regular and consistently, we sit together on our overhead rooftop – Jah gives bread So this adoration – this is love – this is love – does this affection feel? “- – Bob Marley. Sway Marley composed and sang love like many individuals before him. His thoughts regarding genuine affection are imparted to somebody to address fundamental issues and profound way of life.

What is the meaning of adoration? A conventional definition shows that adoration is a forceful feeling, engage achieved by sexual want, and enthusiasm or love. These definitions are right, yet the words have a more profound importance The words have feelings, decisions, or even perspective. Love is great; regardless of whether you attempt it is unimaginable, you can not live without it. Indeed, even a youngster’s toy, a pet, a notable individual, everybody has something profound, so it is difficult to live without adoration. For instance, kids have most loved toys and covers, and kids like their “sheltered ones”. Regardless of whether it’s anything but a living thing, they will have solid sentiments against it. Realizing that the proprietor likes it will cause creatures to feel secure, recover regard and make their proprietors safe. This time we entered the affection for others for another sex.

I will be given genuine affection. Since it regards each other within the sight of self, the genuine love shower scrubbed down resistance liberally. Genuine affection isn’t an obstacle, by definition, it must be communicated in an ideal way. Genuine affection gives the last drop of administration to every single extraordinary individuals. The decision of genuine affection sets out close to home interests, desire and difficulties to serve the recipients. Alec and I were 26 when I got hitched. Isabel is 4 years of age, Zach is 7 years of age, we are for the most part youthful, and we can accept that Alec and I have our own natural kids sooner or later. We are anticipating everything marriage offers. Throughout the years this desire included any expectation of bringing forth youngsters.

William Shakespeare advocates the meaning of something that satisfies love in an untitled piece “Don’t tie in to genuine reasoning”. Highlights: Love is constancy, it is basic to suffer life. Through the primary line of Sonnet, Shakespeare in a roundabout way recognizes that genuine affection may have hindrances. By perceiving the chance of a “hindrance” in a solid relationship, Shakespeare may solicit the consideration from watchers by recommending a sensible love that can be figured it out. What’s more, wedding two individuals as well as genuine “thinking” shows that Shakespeare painstakingly picked “thinking” to get a more profound importance. It is conceivable to utilize “thinking” to clarify the idea behind genuine romance.

 

 

 

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