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The Accounting Cycle

Learn about The Accounting Cycle

Author:Author ImageKrish Beachoo

Edu Level: CSEC

Date: Jun 24 2022 - 1:54 PM

⏱️Read Time: 1 min


Notebooks ⬅️ Accounting ⬅️ The Accounting Cycle


  • An Accounting System should provide an efficient process that records all transaction and classifies data.
  • This accounting system involves a series of steps commonly referred to as ACCOUNTING CYCLE.

Accounting Period

  • A specific time period, usually 12 months, adopted by a business for the purpose of finalizing/summarizing accounts.
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About Krish Beachoo

Krish Beachoo is a motivated student with a strong interest in business, mathematics, and technology. He began his academic journey at Pranava Educational Institute and later attended Naparima College, where he completed studies in Management of Business, Mathematics, and Economics under the CAPE program. He will begin his undergraduate studies Read More

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