Accounting

  Have you traveled on your own? Did you like the last experience?   Did you go to Larcomar in the past?   Yes. I went there with a friend. We enjoyed the view of the sea. I had Aji de gallina at one of the restaurants. I paid for it around 15 soles. My friend had an ice cream. We loved the views and everything.     Played           cooked          visited Listened        worked          painted Studied         jumped           decided Called           smashed         wanted   Discovered          How was your day? Was it good? I can say that my day was good. I did enough for the day. In class virtually and doing household chores. It was good enough I may say.     Practice for ED sound   A. washed – talked – cleaned – kissed – needed – laughed B. loved – educated – reminded – knocked – advised – crashed   I washed the car yesterday. I talked about my parents. We all cleaned the house for Christmas. I don´t like kissing these days, but I ki

  The Accounting Cycle: 9-Step Accounting Process   The accounting cycle, also commonly referred to as accounting process, is a series of procedures in the collection, processing, and communication of financial information.   As defined in earlier lessons, accounting involves recording, classifying, summarizing, and interpreting financial information.   Financial information is presented in reports called financial statements. But before they can be prepared, accountants need to gather information about business transactions, then record and collate them to come up with the values to be presented in the reports.   The cycle does not end with the presentation of financial statements. Subsequent steps are needed to be done to prepare the accounting system for the next cycle.   Accounting Cycle Steps 1. Identifying and Analyzing Business Transactions The accounting process starts with identifying and analyzing business transactions and events. Not all transactions