Accounting cycle - Explained with animated Examples

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The accounting cycle is the step by step process of recording, classifying, and summarising business transaction for the particular financial year.
Nowadays, many accounting software is available in the market for preparing the books of the business. so in this software, almost all steps of the accounting cycle are automated. You have to post only journal entries in the software then after that ledger account and the trial balance will be prepared automatically by accounting software. then make required adjustment journal entries. At the end of the year the accounting software, the Financial statement of the business does prepare also automatically.

1 Collect and Analyze the business transactions
2 Record it in the Journal:
3 Posting in the ledger :
4 preparing trial balance (With adjustment entries):
5 Recording Adjustment Entries:
6 Preparing Financial statement: Income statement and balance sheet
7 Posting Closing entries:

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TutorsTips
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Thankyou for this video sir it is very interested

kailashkaur
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I would like to know if you can activate English translation

TurkiSalim-bh
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Very informative video in an easy way 👍 👏 👌

syedareshma
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Accounting cycle Ye to !!!!Sahi hai yaar

gurpreetsinghsandal
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sir aapne kisi bhi terms me depreciation nhi bataya hai

itzdivya