accounting cycle การใช้

• The preparation of a final accounting is the last stage of the accounting cycle.
• At the end of each accounting cycle, adjusting entries are made to charge uncollectible receivable as expense.
• The test covers elementary principles and practices of accounting for sole proprietorships, partnerships, and corporations, and may include bookkeeping terminology, the worksheet with adjustments, income statement, balance sheet, trial balance, account classification, journalizing, posting, bank reconciliation, payroll, and other items related to the basic accounting cycle.
• CNN and " World Finance " also stated that some banks have deliberately allowed certain levels of fails-to-deliver, as a method of " dealing with financial stress " so that between accounting cycles the value of securities sold, but not delivered, as well as the value of the cash booked, but not received can be reflected on the books.