Accounting Work: Accounting Cycle.

The method of invoice cycle for nigh institutions can be the kindred or different depending on the type of establishment. deep down a school district, much(prenominal) as North Merrick Union reconcile School District, the taleing cycle is maintain around the spending per child. It is similarly a not for profit organization; this differs from an organization in which a profit is the cultivation of the company. Being employed as a Special Education teacher Aide I dont really go for access to the whole accounting process. I do comprehend a portion of the process such as the time wrap up for my hours worked and the final result of my paycheck. Organizations do go by dint of an accounting process in order to define and pay for their expenses. The accounting process is a consecutive of activities that begins with a performance and ends with the close of the books. Because this process is repeated each account period, it is referred to as the accounting cycle and includes these study steps: 1. Identify the exertion or other placeable event. 2. Prep argon the executions generator enter such as a buy order or invoice. 3. go bad and enlighten the transaction. This step involves quantifying the transaction in monetary ground (e.g. dollars and cents), identifying the accounts that are affected and whether those accounts are to be debited or credited. 4.

Record the transaction by making entries in the appropriate journal, such as the gross sales journal, purchase journal, cash pass on or disbursement journal, or the general journal. such(prenominal) entries are made in chronological order. 5. blank space general journal entries to the record accounts. (2005, NetMBA.com). According to the earnings Center for guidance and Business Administration, Inc. the above steps are performed passim the accounting period as transactions occur or in periodic potbelly processes (2005, NetMBA.com). At the end of the accounting... If you exigency to press a dependable essay, order it on our website: Ordercustompaper.com

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