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What role does each step play in the success of a business

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Reference no: EM131690906

Question - Accounting Cycle Report

a) Identify the steps of the accounting cycle and provide a description of each step.

b) What role does each step play in the success of a business?

c) How could the omission of a step impact the success of a business? What strategies could be used to avoid this?

d) What are the major financial statements that come out of the accounting cycle? Why are they important?

Reference no: EM131690906

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