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Describe the accounting cycle in sequential order

    Assignment Instructions

    Assignment ID: FG133135193

    Question – The goal of this assignment is to apply the concepts learned in the accounting cycle and its relation to the Generally Accepted Accounting Principles (GAAP).

    Required –

    1. Describe the accounting cycle in sequential order the steps accountants take to publish the financial statements and prepare for the next fiscal year by closing the books.

    2. How does the accounting cycle relate to the Generally Accepted Accounting Principles?

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